Analyst Sees Ethereum Price Buyers at $2,200 Amid ETF Outflows

Key Insights Ethereum price traded at $2,341.12, while Ted Pillows identified $2,200 as a potential buyer area. Spot Ethereum ETFs recorded a $484.36 million combined net outflow across seven sessions through Oct. 22. BitMine staked 159,728 ETH as the Ethereum Foundation postponed Hoodi’s Oct. 26 activation. Ethereum price sat at $2,341.12 after a 1.3% gain over 24 hours, as spot ETF withdrawals continued. ETH price moved between $2,286.76 and $2,368.07 during the period. It recovered from the daily low, reached the range’s upper end, then retreated before returning above $2,340. Meanwhile, analyst Ted Pillows reported a lack of ETH spot buyers and identified $2,200 as a potential buying area. That daily range brought the market close to the level Pillows identified. The $2,286.76 low stood $86.76, or 3.9%, above $2,200.

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