Ethereum (ETH) Price: ETH Bounces Back After Binance Hack as Whales Load Up
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TLDR Ethereum rose about 1.1% to near $2,270 on November 1, while Bitcoin moved toward $78,000. U.S. spot Ethereum ETFs saw $155.7 million in outflows on October 30, the fifth straight day of withdrawals. Iran says talks are ongoing to reopen the Strait of Hormuz within 48 hours if the U.S. accepts its conditions. CryptoQuant data shows 43.8 million ETH staked, about 35.9% of supply. Analysts are watching $2,250 support and $2,300 resistance. Ethereum price rose about 1.1% to near $2,270 on November 1. The move came as Bitcoin climbed toward $78,000 after last week’s sell-off. The recovery follows several weak sessions that pushed ETH close to $2,200. The drop came after the October 29 Binance security breach. Binance has since restored withdrawals.
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