Ethereum Faces $2,350 Support as ETF Outflows Hit $110M
Ethereum's price hovers near $2,400 amid $110.6M ETF outflows and a major testnet delay.
Ethereum's price hovers near $2,400 amid $110.6M ETF outflows and a major testnet delay. Ethereum (ETH) is trading at ₹2,27,111 ($2,393.13), down 0.2% since this brief published. This is an original Token Times brief based on reporting by TronWeekly, with live market data added, as of Fri, 23 Oct 2026 20:15:01 UTC.
The significant ETF outflows and testnet delay could weigh on Ethereum's price and reflect broader market sentiment, while the early investor's large ETH sale adds selling pressure.
- Ethereum ETF outflows totaled $110.6M on October 23.
- An early investor sold 3,000 ETH for $7.23M.
- Ethereum price holds above $2,350 despite selling pressure.
- Glamorous Hoodi testnet upgrade postponed due to smart-contract issues.
- Crypto ETFs Suffer $610.7M Outflows Amid Ethereum Decline
- Ethereum ETFs See Larger Outflows Than Bitcoin ETFs Last Week
- Ethereum Tests Critical Support Amidst 7% Weekly Decline
- Ethereum Faces $2,400 Support Test Amid $320M ETF Outflows
- Ethereum Tests $2.4K Support Amid Whale Activity and Staking Changes
- Ethereum Price Recovers Despite ETF Outflows
- Ethereum Faces $2,350 Support as ETF Outflows Hit $110M — this brief
On October 23, 
Ethereum's price hovered near $2,400 as US spot Ether ETFs recorded net outflows of $110.6 million. This significant outflow could indicate bearish sentiment among institutional investors.
Additionally, blockchain tracker Lookonchain reported that an early Ethereum investor sold 3,000 ETH, equivalent to $7.23 million, adding to the selling pressure on the cryptocurrency.
Meanwhile, Ethereum developers postponed the Glamorous Hoodi testnet upgrade due to concerns over smart-contract compatibility. This delay could impact the timeline for future Ethereum network improvements.
Despite these developments, Ethereum's price remains resilient, currently trading at $2,397.83, up 0.75% in the last 24 hours. However, the 7-day performance shows a slight decline of 0.30%.
The broader crypto market remains relatively flat with a total market cap of $2.8 trillion. 
Bitcoin is up 0.09% in the last 24 hours, and the Fear & Greed index stands at 50, indicating a neutral market sentiment.
Since this brief published about 1 hour ago, Ethereum (ETH) has moved from ₹2,27,557.26$2,397.83 to ₹2,27,111.22$2,393.13 — -0.20%.
The chart plots ETH's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 ETH ≈ ₹243,871.91 (about $2,393.13), up 0.4% over 24 hours. The rupee itself trades about 7.4% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Ethereum Faces $2,350 Support as ETF Outflows Hit $110M — questions & answers
What caused Ethereum's ETF outflows?
The $110.6 million ETF outflows likely reflect institutional investors' bearish sentiment on Ethereum.
How did the early investor's sale impact Ethereum's price?
The sale of 3,000 ETH for $7.23 million added to the selling pressure but hasn't significantly impacted the price yet.
Why was the Glamorous Hoodi testnet upgrade postponed?
The upgrade was postponed due to concerns over smart-contract compatibility issues.
How much is 1 Ethereum worth in rupee today?
About ₹243,871.91 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $2,393.13. The rupee price moves with both ETH's US-dollar price and the USDT/INR rate; use our Ethereum in rupee page for any amount.
Has Ethereum's price moved since this brief was published?
ETH is down 0.20% since this brief first published — trading at ₹2,27,111 ($2,393.13) now versus ₹2,27,557 ($2,397.83) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from TronWeekly. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.