Ethereum Tests $2,200 Support as Arthur Hayes Unloads $22.28M in Altcoins
Ethereum's price faces pressure after Arthur Hayes' significant altcoin sales and broader market headwinds.
Ethereum's price faces pressure after Arthur Hayes' significant altcoin sales and broader market headwinds. Ethereum (ETH) is trading at ₹2,24,011 ($2,357.97), up 0.2% since this brief published. This is an original Token Times brief synthesising 2 outlets (The Coin Republic, Crypto.news), with their figures cross-checked, plus live market data, as of Sun, 25 Oct 2026 00:45:01 UTC.
The development highlights the impact of large-scale whale transactions on Ethereum's price stability and investor sentiment. It also underscores the importance of key technical levels like $2,200 for market psychology.
- Ethereum price dropped to $2,343 after Arthur Hayes sold $22.28M in altcoins.
- Technical analysts warn of further downside to $2,200 if $2,350 support fails.
- Market faces additional pressure from $110.6M ETF outflows and delayed network upgrades.
Both The Coin Republic and Crypto.news report that Ethereum's price dropped below $2,350 following Arthur Hayes' $22.28 million sale of ETH, ENA, UNI, and other altcoins. They agree on the significance of the $2,200-$2,250 support level identified by analyst Ted Pillows. However, Crypto.news adds context about $110.6 million in ETF outflows and a delayed Glamorous testnet upgrade as additional market pressures, which The Coin Republic does not mention.
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- Ethereum Tests Key Support as Bearish Pressure Intensifies
- Ethereum Tests $2,200 Support as Arthur Hayes Unloads $22.28M in Altcoins — this brief
On October 24, 
Ethereum's price slipped below $2,350 after Arthur Hayes, a prominent crypto investor, disclosed selling $22.28 million worth of altcoins, including ETH, ENA, UNI, and four other tokens. This development has raised concerns about potential further downside for Ethereum's price.
According to analyst Ted Pillows, if Ethereum fails to maintain its current price level and closes below $2,350 on the daily chart, it could trigger a decline to the $2,200-$2,250 range. This level is considered a critical support zone for the cryptocurrency.
Additional market pressures include $110.6 million in Ethereum ETF outflows and a delayed Glamorous testnet upgrade, as reported by Crypto.news. These factors, combined with Hayes' sales, have contributed to the bearish sentiment surrounding Ethereum.
The broader crypto market remains relatively flat, with a total market cap of $2.77 trillion. 
Bitcoin is also experiencing slight losses, down 0.38% in the last 24 hours. The Fear & Greed index currently stands at 54, indicating a neutral market sentiment.
Ethereum is currently trading at $2,353.9, representing a 1.24% drop in the past 24 hours and a 1.44% decline over the last week. Its market cap stands at $287.55 billion. Other affected tokens include 
Uniswap (UNI), which is down 1.45% in the last 24 hours, and 
Ethena (ENA), which has seen a 1.95% drop in the same period.
Since this brief published about 50 minutes ago, Ethereum (ETH) has moved from ₹2,23,623.96$2,353.90 to ₹2,24,010.61$2,357.97 — +0.17%.
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; intraday detail builds over the first day). 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 ≈ ₹244,038.11 (about $2,357.97), down 0.4% over 24 hours. The rupee itself trades about 8.9% 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 assets in this story — live, source-stamped, updated every 15 minutes.
2 key figures independently matched across 2 outlets reporting this story.
Token Times extracts the figures each outlet reports and flags the ones that agree. Numbers cited by only one outlet are attributed in the brief, not shown as corroborated.
Figures and sectors in this story, checked live against on-chain aggregators · October 25, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Ethereum Tests $2,200 Support as Arthur Hayes Unloads $22.28 — questions & answers
What is the significance of the $2,200 price level for Ethereum?
The $2,200 level is considered a critical support zone. If ETH falls below this, it could indicate further downward momentum.
How much did Arthur Hayes sell in altcoins?
Arthur Hayes sold $22.28 million worth of altcoins, including ETH, ENA, UNI, and four other tokens.
What other factors are affecting Ethereum's price?
Ethereum is also facing pressure from $110.6 million in ETF outflows and a delayed Glamorous testnet upgrade.
How much is 1 Ethereum worth in rupee today?
About ₹244,038.11 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $2,357.97. 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 up 0.17% since this brief first published — trading at ₹2,24,011 ($2,357.97) now versus ₹2,23,624 ($2,353.90) 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 The Coin Republic, Crypto.news, with the key figures cross-checked for agreement across them. 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.