{"id":24840,"date":"2026-10-29T10:22:02","date_gmt":"2026-10-29T10:22:02","guid":{"rendered":"https:\/\/cryptoted.net\/index.php\/2026\/10\/29\/why-is-ethereum-price-falling-today-october-29\/"},"modified":"2026-10-29T10:22:02","modified_gmt":"2026-10-29T10:22:02","slug":"why-is-ethereum-price-falling-today-october-29","status":"publish","type":"post","link":"https:\/\/cryptoted.net\/index.php\/2026\/10\/29\/why-is-ethereum-price-falling-today-october-29\/","title":{"rendered":"Why is Ethereum price falling today, October 29?"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p class=\"is-style-lead\">Ethereum price has fallen more than 2% to around $2,318 on October 29, as continued withdrawals from U.S. spot Ethereum exchange-traded funds (ETFs) have coincided with weakness across the crypto market.<\/p>\n<div id=\"cn-block-summary-block_7de3dcc170bed303f7aa6ef18bab7994\" class=\"cn-block-summary\">\n<p>\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/p>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Ethereum price fell 2.12% to $2,317.78 as selling continued across the cryptocurrency market.<\/li>\n<li>U.S. spot Ethereum ETFs recorded $21.41 million in reported net outflows on October 28.<\/li>\n<li>BlackRock\u2019s ETHA recorded $44.83 million in withdrawals, outweighing inflows into competing funds.<\/li>\n<li>Ethereum\u2019s MACD remained negative, while the 2,290\u20132,300 range offered immediate price support.<\/li>\n<li>Analysts identified $2,400 as a recovery level, with further losses possible if ETH breaks below $2,290.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>U.S. spot Ethereum ETFs recorded $21.41 million in reported net outflows on October 28, their third consecutive session of withdrawals, <a href=\"https:\/\/sosovalue.com\/assets\/etf\/us-eth-spot\" target=\"_blank\">according<\/a> to SoSoValue. BlackRock\u2019s iShares Ethereum Trust (ETHA) accounted for $44.83 million in outflows, while inflows into other funds offset some of the losses.<\/p>\n<p>Meanwhile, the selling followed a difficult week for ETH, which briefly touched $2,293.44 before recovering above $2,300. Bitcoin declined 1.66% during the same 24-hour period, while the total cryptocurrency market capitalization fell approximately 1.7%.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Why is Ethereum price falling today?<\/strong><\/h2>\n<p>Ethereum\u2019s latest decline coincided with another round of institutional fund withdrawals. SoSoValue data showed that investors withdrew $88.58 million from spot ETH ETFs on October 26, followed by $60.22 million on October 27 and another $21.41 million on October 28.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"274\" src=\"https:\/\/media.crypto.news\/2026\/10\/image-198-1024x274.webp\" alt=\"Ethereum spot ETF net inflow, source: SoSoValue\" class=\"wp-image-14488136\" srcset=\"https:\/\/media.crypto.news\/2026\/10\/image-198-1024x274.webp 1024w, https:\/\/media.crypto.news\/2026\/10\/image-198-300x80.webp 300w, https:\/\/media.crypto.news\/2026\/10\/image-198-768x205.webp 768w, https:\/\/media.crypto.news\/2026\/10\/image-198-1380x369.webp 1380w, https:\/\/media.crypto.news\/2026\/10\/image-198-880x235.webp 880w, https:\/\/media.crypto.news\/2026\/10\/image-198.webp 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption class=\"wp-element-caption\">Ethereum spot ETF net inflow, source: SoSoValue<\/figcaption><\/figure>\n<p>Across the three sessions, the funds recorded approximately $170.21 million in combined net outflows. The October 28 figures placed cumulative net inflows since launch at $12.55 billion, with total ETF net assets valued at $14.27 billion and daily trading volume reaching $480.72 million.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>BlackRock\u2019s ETHA contributed heavily to the latest withdrawals. However, the positive flows recorded by competing funds showed that investor activity was not entirely one-sided.<\/p>\n<p>As <a href=\"https:\/\/crypto.news\/ethereum-etf-outflows-bitcoin-etfs-october-2026\/\" target=\"_blank\">crypto.news previously reported<\/a>, Ethereum ETFs lost approximately $320.1 million during October 12\u201316, compared with $228.4 million withdrawn from Bitcoin ETFs. BlackRock\u2019s ETHA accounted for nearly $299 million of those Ethereum fund withdrawals.<\/p>\n<p>Market conditions have remained unfavorable since then. ETH traded below its seven-day moving average of $2,354 and its 30-day moving average of $2,498, while Bitcoin\u2019s decline coincided with weakness across other major cryptocurrencies.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Ethereum price tests $2,300 as technical indicators remain bearish<\/strong><\/h2>\n<p>Ethereum traded near $2,320 on October 29, according to the TradingView daily chart, after briefly falling to $2,300. The cryptocurrency has struggled to recover from its late-September high near $2,800, recording a series of lower highs during the following weeks.<\/p>\n<p>Technical indicators continued to favor sellers. The Moving Average Convergence Divergence (MACD) line stood at -57.69, below the signal line at -51.75, while the histogram remained negative at -5.94.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"627\" src=\"https:\/\/media.crypto.news\/2026\/10\/image-199-1024x627.webp\" alt=\"Ethereum price chart, source: crypto.news\" class=\"wp-image-14488135\" srcset=\"https:\/\/media.crypto.news\/2026\/10\/image-199-1024x627.webp 1024w, https:\/\/media.crypto.news\/2026\/10\/image-199-300x184.webp 300w, https:\/\/media.crypto.news\/2026\/10\/image-199-768x470.webp 768w, https:\/\/media.crypto.news\/2026\/10\/image-199-1380x845.webp 1380w, https:\/\/media.crypto.news\/2026\/10\/image-199-880x539.webp 880w, https:\/\/media.crypto.news\/2026\/10\/image-199.webp 1856w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption class=\"wp-element-caption\">Ethereum price chart, source: crypto.news<\/figcaption><\/figure>\n<p>Meanwhile, the Money Flow Index (MFI) recovered to 50.35 after briefly entering oversold territory. The reading placed the indicator close to neutral, although the recovery did not establish a confirmed change in ETH\u2019s price trend.<\/p>\n<p>Immediate support lies between $2,290 and $2,300. A sustained move below this area could expose Ethereum to $2,200, followed by another support level around $2,100. On the upside, buyers would need to reclaim $2,400 before attempting another move toward $2,500.<\/p>\n<p>An October 27 <a href=\"https:\/\/crypto.news\/ethereum-price-prediction-eth-2300-etf-outflows\/\" target=\"_blank\">Ethereum price analysis<\/a> similarly identified $2,300 as a closely watched level after ETH traded near the lower Bollinger Band.<\/p>\n<h2 class=\"wp-block-heading\">Ethereum whales sell $348 million as exchange balances rise<\/h2>\n<p>Ethereum\u2019s recent price weakness has coincided with selling activity among large holders, with on-chain data showing that whales reduced their holdings by approximately 160,000 ETH, worth more than $348 million, over the past few days.<\/p>\n<p>According to crypto analyst Ali Martinez, citing Santiment data, Ethereum\u2019s on-chain transaction volume surpassed $100 billion as the cryptocurrency approached $2,400 on October 28. However, ETH failed to hold that price level and subsequently dropped below $2,300.<\/p>\n<p>During the same period, whale wallets reportedly reduced their holdings by around 160,000 ETH. Meanwhile, the amount of Ethereum held on cryptocurrency exchanges grew by approximately 100,000 ETH, valued at $240 million. The increase placed more tokens on trading platforms, although the figures do not establish whether those holdings have been sold.<\/p>\n<p>Martinez identified $2,385 as an important price level, warning that continued trading below it, alongside elevated exchange balances, could leave Ethereum vulnerable to further losses.<\/p>\n<p>\u201cIf Ethereum remains below $2,385 while exchange balances stay elevated, $2,000 is the downside target I\u2019m watching,\u201d the analyst wrote.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">5\/6 Ethereum&#8217;s technical picture is weakening, too. <a href=\"https:\/\/x.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a> has lost $2,385 support and appears to have broken out of a right-angled ascending broadening formation on the daily chart.<\/p>\n<p>If selling pressure persists, the pattern points to a move to $2,000. <a href=\"https:\/\/t.co\/R6AoByYIYS\">pic.twitter.com\/R6AoByYIYS<\/a><\/p>\n<p>\u2014 Ali Charts (@alicharts) <a href=\"https:\/\/x.com\/alicharts\/status\/2115740928023355434?ref_src=twsrc%5Etfw\">October 29, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<h2 class=\"wp-block-heading\"><strong>Crypto analysts identify levels that could support an ETH recovery<\/strong><\/h2>\n<p>Despite the latest decline, cryptocurrency analyst Micha\u00ebl van de Poppe expressed optimism about Ethereum\u2019s recovery prospects in an October 28 post.<\/p>\n<p>\u201cThe first level was hit and we\u2019re breaking upwards for $ETH,\u201d he wrote, while acknowledging that the market had not confirmed a bullish breakout.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The first level was hit and we&#8217;re breaking upwards for <a href=\"https:\/\/x.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a>.<\/p>\n<p>That&#8217;s a strong move, and there&#8217;s no confirmation of a bullish breakout yet, but the build-up starts to get there.<\/p>\n<p>Much rather than thinking that we&#8217;re going to see another drop, the markets are at the most optimal\u2026 <a href=\"https:\/\/t.co\/ZKb2n0Sqoj\">https:\/\/t.co\/ZKb2n0Sqoj<\/a> <a href=\"https:\/\/t.co\/DrdWXzw0ck\">pic.twitter.com\/DrdWXzw0ck<\/a><\/p>\n<p>\u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) <a href=\"https:\/\/x.com\/CryptoMichNL\/status\/2115377280906088732?ref_src=twsrc%5Etfw\">October 28, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>Van de Poppe had previously identified prices below $2,300 as a potential buying area, arguing that Ethereum could recover quickly if buyers defended that region.<\/p>\n<p>Another analyst, Daan Crypto Trades, identified $2,350 as an important level for Ethereum to recover. According to his October 28 commentary, ETH was attempting to reclaim that former support after spending several days below it.<\/p>\n<p>Daan <a href=\"https:\/\/x.com\/DaanCrypto\/status\/2115418583966650401\" target=\"_blank\">pointed<\/a> to the daily 200-period exponential moving average as support and identified $2,550 as a higher resistance level. In his assessment, a sustained recovery above $2,550 could eventually open a path toward $3,000 or more.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Ethereum ETF outflows continue as Glamsterdam faces delays<\/strong><\/h2>\n<p>Apart from fund withdrawals, Ethereum developers are reviewing technical problems affecting the upcoming Glamsterdam network upgrade.<\/p>\n<p>On October 23, the Ethereum Foundation <a href=\"https:\/\/crypto.news\/glamsterdam-is-off-hoodis-october-calendar-as-ethereum-checks-contract-risks\/\" target=\"_blank\">postponed the Hoodi testnet activation<\/a>, previously scheduled for October 26, while developers examined compatibility concerns involving EIP-8037 and existing smart contracts.<\/p>\n<p>The upgrade had already activated on the Sepolia testnet on October 6. Developers have not announced a replacement Hoodi activation date or confirmed a mainnet rollout schedule.<\/p>\n<p>A subsequent <a href=\"https:\/\/crypto.news\/ethereum-glamsterdam-validator-deposit-bug-fix\/\" target=\"_blank\">Glamsterdam security update<\/a> on October 27 reported that developers had merged a fix addressing a separate validator deposit-handling flaw in the upgrade\u2019s specifications.<\/p>\n<div class=\"cn-block-disclaimer\">\n<p class=\"cn-block-disclaimer__content\">\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        <\/p>\n<\/p><\/div>\n<p><!-- .cn-block-disclaimer --><\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/crypto.news\/ethereum-price-falls-etf-outflows-october-29-2026\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price has fallen more than 2% to around $2,318 on October 29, as continued withdrawals from U.S. spot Ethereum exchange-traded funds (ETFs) have coincided with weakness across the crypto market. Summary Ethereum price fell 2.12% to $2,317.78 as selling continued across the cryptocurrency market. U.S. spot Ethereum ETFs recorded $21.41 million in reported net [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":24059,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[23],"tags":[],"kronos_expire_date":[],"class_list":["post-24840","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"_links":{"self":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/posts\/24840","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/comments?post=24840"}],"version-history":[{"count":0,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/posts\/24840\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/media\/24059"}],"wp:attachment":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/media?parent=24840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/categories?post=24840"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/tags?post=24840"},{"taxonomy":"kronos_expire_date","embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/kronos_expire_date?post=24840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}