Ethereum Price Danger Zone: ETH Tests $2,300 Support as Outflows Surge

Ethereum (ETH) price is testing 200-day EMA support near $2,317 after a rejection at $2,730. US spot ETH ETFs recorded $88.58M in net redemptions on Oct. 26 alongside Ethereum Foundation sales. Analysts warn ETH could fall toward the $2,200 level to find a bottom zone. Ethereum (ETH) finds itself at a critical technical juncture, struggling to maintain its position as broader macroeconomic pressures and crypto-native headwinds combine to weigh on market sentiment.