Ethereum (ETH) Price: BitMine Buys 10,452 ETH as ETF Outflows Hit a Fourth Week

TLDR BitMine bought 10,452 ETH last week, lifting its holdings to 6.051 million ETH, or 4.95% of supply. US spot ETH ETFs posted a fourth straight week of outflows, with $484.36 million leaving over seven sessions through Oct. 22. ETH closed below the 100-day EMA and the $2,355 level, and is now testing the 200-day EMA. Analyst Ted Pillows sees $2,200 as a possible buyer area, while Ash Crypto flags $2,300 as key support. The Ethereum Foundation postponed the Hoodi testnet activation planned for Oct. 26. Ethereum (ETH) traded near $2,305 on Tuesday as BitMine Immersion Technologies kept buying and ETF investors kept selling. The price has slipped below a key support level that held for about two weeks. BitMine said it bought 10,452 ETH over the past week.

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