Ethereum Price Holds $2,250 as Hormuz Talks Face Key Conditions

TLDR: Ethereum price traded near $2,268 on Nov. 1, gaining about 1.19% over 24 hours. The immediate support area remained around $2,250. Iran discussed reopening the Strait of Hormuz within two days if its conditions were accepted. Negotiations had not produced a final agreement. U.S. spot Ethereum ETFs lost $155.7 million on Oct. 30, their fifth straight negative session. Seven-session net outflows reached $537.6 million. ETH funding moved below zero in the derivatives review, indicating cautious positioning. A short squeeze would still require a price trigger. Ethereum price traded near $2,268 on Nov.