Ethereum Falls Below $2,400 Amid $955 Million ETF Outflows
Ethereum dropped under $2,400 and broke its 50-day moving average, while October ETF outflows reached $955 million.
Ethereum has fallen below the $2,400 threshold, breaking beneath its 50-day moving average according to data from BigGo Finance. The downward price movement coincides with significant institutional capital flight from the asset class.
ETF Outflows
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According to BigGo Finance, October outflows for Ethereum exchange-traded funds have reached a total of $955 million. The persistent negative flows reflect broader headwinds facing digital asset investment products during the period.
Key facts
- Ethereum fell below the $2,400 price level.
- The asset broke its 50-day moving average.
- October ETF outflows reached $955 million.
Source: news.google.com
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