Ethereum (ETH) Price: Falls Below Key Trendline as Binance Hack Hits Crypto Markets

TLDR Ethereum is trading near $2,234 on October 30 after hitting an intraday low of $2,175. A reported $6.3 billion security breach at Binance triggered a wider crypto sell-off. US spot Ethereum ETFs saw $105.5 million in outflows on October 29, their fourth straight day of withdrawals. ETH fell below an ascending trendline, and the daily RSI sits at 29.81, in oversold territory. The Federal Reserve held rates at 3.75%–4.00% on October 28. Ethereum (ETH) is trading around $2,234 on Friday, October 30. The price fell to an intraday low of $2,175 as selling pressure returned to crypto markets.