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Ethereum struggles to hold $2,500 amid ETF outflows and weak market sentiment.
Ethereum price remains pressured near $2,500 due to significant outflows from U.S. spot Ethereum ETFs totaling $542.2 million in the week ending October 9, alongside weak market sentiment and technical resistance. Despite some short-term momentum improvements on the 4-hour chart, Ethereum faces strong resistance at $2,543 and $2,580, with daily indicators favoring sellers. Institutional demand is weak, although some corporate accumulation continues. A sustained recovery above $2,618 could lead to further gains, but a drop below $2,449 risks pushing prices toward $2,409 or lower.
Ethereum price remains pressured near $2,500 due to significant outflows from U.S. spot Ethereum ETFs totaling $542.2 million in the week ending October 9, alongside weak market sentiment and technical resistance. Despite some short-term momentum improvements on the 4-hour chart, Ethereum faces strong resistance at $2,543 and $2,580, with daily indicators favoring sellers. Institutional demand is weak, although some corporate accumulation continues. A sustained recovery above $2,618 could lead to further gains, but a drop below $2,449 risks pushing prices toward $2,409 or lower.
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