Ethereum Flashes Same Signal That Triggered June’s Rebound

Ethereum recorded a net 169,770 coins leaving exchanges, its largest daily outflow in more than four months, Santiment reported. Santiment compared the move to June 5, when about 223,800 ETH left exchanges and the price rebounded. However, US spot Ethereum ETFs had $1.18 billion in net outflows over 14 of 16 trading days in October through October 22, and their net assets fell to $14.57 billion, the lowest since August 21. ETH traded at $2,377.29, down 1.03% in 24 hours; Santiment identified $2,400 as an immediate pivot, with a sustained move above $2,500 strengthening the bottoming case and a drop below about $2,330 weakening it.