Ethereum slips to $2,410, US spot ETFs see $110.6 million outflows

The price of Ethereum remained under pressure around $2,410 on October 23, following net outflows from US spot Ether funds totaling $110.6 million. The main outflows occurred from large funds operated by BlackRock, while a long-term investor sold 3,000 ETH, and the planned Glamsterdam testnet upgrade faced postponement due to potential smart contract compatibility concerns. Ethereum traded around $2,410 as daily trading volume approached $11.65 billion. After reaching higher values earlier in October, ETH continued to remain below the $2,500 threshold and also fell beneath its monthly opening of $2,685. During October, efforts to reclaim $2,500 were met with selling pressure, reflecting a broader downturn in the market. On October 22, US spot-based Ethereum exchange-traded funds recorded net outflows of $110.6 million.

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