Ethereum Bounces 6%, But Wall Street Hasn't Bought a Single Day Since September

Ethereum rose about 6% this week and was testing resistance near $2,439, even as U.S. spot Ethereum exchange-traded funds have recorded no net inflow day since September 29, according to Glassnode. The funds’ outflow streak reached 23 sessions by October 30, the longest since their launch, and October withdrawals totaled $1.61 billion, the largest monthly outflow since the funds began in July 2024. Glassnode also reported that the 14-day moving average of active Ethereum addresses fell to roughly 365,000 on October 17, its lowest since December 2025, before recovering only to near 375,000.