Ethereum slips to $2,410, US spot ETFs see $110.6 million outflows

The price of Ethereum remained under pressure around $2,410 on October 23, following net outflows from US spot Ether funds totaling $110.6 million. The main outflows occurred from large funds operated by BlackRock, while a long-term investor sold 3,000 ETH, and the planned Glamsterdam testnet upgrade faced postponement due to potential smart contract compatibility concerns. Ethereum traded around $2,410 as daily trading volume approached $11.65 billion. After reaching higher values earlier in October, ETH continued to remain below the $2,500 threshold and also fell beneath its monthly opening of $2,685.

Source: CoinTurk News