Ethereum (ETH) Price: Is the Bottom In, or Is More Downside Ahead?

TLDR ETH trades near $2,340, close to its $2,310 realized price and the 200-day EMA at $2,315. US spot ETH ETFs have recorded $1.26 billion in October outflows, just under the $1.42 billion record from November 2025. ETH is down 12.9% since September 30 and 21.7% year to date, compared with 8.4% for Bitcoin. Analyst Ted says ETH could revisit $2,200 as support zones keep failing. The Hoodi testnet launch for the Glamsterdam upgrade was postponed, with no new date set. Ethereum (ETH) traded at about $2,340 on Tuesday, holding just above $2,300 after last week’s decline. The price sits close to several closely watched levels. CryptoQuant data shows ETH’s realized price, its average on-chain cost basis, is $2,310. The 200-day exponential moving average (EMA) is at $2,315.

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