Markets· ★★★· bearish· October 30, 04:30

Ethereum ETFs bleed $170M in three sessions as ETH tests $2,280 support

—ETH ETFs lost $170.21 million over three sessions; total assets fell to $14.27 billion
—Cumulative net inflows into ETH ETFs dropped to $12.55 billion
—Bitcoin ETFs drew $423 million from October 26 to 28; ETH/BTC ratio near 0.0290
—A break below $2,280 opens the way to $2,200; a close above $2,360 would signal a double bottom

Why it matters: Persistent ETF redemptions are eroding institutional demand for ETH and widening its underperformance versus bitcoin.