Analyst Flags $2,200 as Ethereum Buy Zone Amid ETF Outflows
- —Spot ETH ETFs lost $484.36 million over seven sessions, with only one inflow day on Oct. 21
- —BitMine staked 159,728 ETH worth $390.6 million, bringing 86.5% of its treasury into staking
- —Ethereum Foundation postponed Hoodi testnet activation, previously set for Oct. 26
- —ETH is down 13.2% over 30 days and 2.3% over the past week
Why it matters: Sustained ETF outflows and thin spot demand could push ETH toward the $2,200 support zone.
Source: The Coin Republic