Ethereum (ETH) Price: ETH Hangs onto Key Trendline as Glamsterdam Upgrade Is Delayed

TLDR ETH trades near $2,367 on Oct. 24, sitting on a rising trendline that has held since the summer low. U.S. spot Ether ETFs saw $4.4 million in inflows on Oct. 23, ending a $110.6 million withdrawal the day before. Ethereum developers delayed the Oct. 26 Glamsterdam testnet activation over security concerns tied to EIP-8037. Daily RSI is 37.18 and MACD is negative, showing sellers still hold short-term momentum. Analyst Ted Pillows says a daily close below $2,350 could send ETH toward $2,200-$2,250. Ethereum (ETH) is trading around $2,367 on Oct. 24 after another dip brought the price back to a key rising support line. ETH opened near $2,384 and fell to about $2,356 before a small recovery. The token was down about 0.7% when the chart was captured.

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