GLOBAL ONCHAIN SUMMIT IS COMING TO MUMBAI
✕ News Bitcoin Stocks Prediction Markets News Trending ETFs US Iran War Clarity Act Crypto Market Live Updates LIVE TradFi Blockchain Regulation Stablecoin DeFi DATs Tokenization Loading... More News → Markets Price Analysis Price Prediction Crypto Prices Calculator Crypto Stocks Market Brief Prediction Markets Loading... More News → Top Picks Best Crypto Exchanges Best Crypto Cards Prediction Markets Wallets DeFi AI For Businesses Tokenization Platforms Institutional Investors Stablecoin Infrastructure Best DEXs Best Perp DEXs Best Futures Platforms Best No-KYC Exchanges Best Pre-IPO Tokens Platforms Crypto Cards Compare No KYC Crypto Cards Travel Crypto Cards Crypto Card Offers Stablecoin Cards UK Crypto Cards USA Crypto Cards Cashback & Rewards Crypto Cards Best Regulated Prediction Markets in the US Best Crypto Prediction Markets Best Sports Prediction Market Best Leveraged Prediction Market Best Geopolitical Prediction Market Best Prediction Market Tools Best Crypto Wallets Self-Custody Wallets MetaMask Alternatives Best DeFi Platforms Best Crypto Swaps Best DEX Aggregators Best Staking Platforms AI Crypto Wallets AI trading bots Web3 AI Agents Best Payment Gateways Top Audit Firms Best Tax Softwares Best Prop Firms Best Telegram Channels Top Marketing Firms RWA Tokenization Platforms White Label RWA Platform Tokenized Asset Custody Crypto Exchanges For Tokenized RWAs Institutional Crypto Lending Best Tokenized Asset Custody Exchanges For Institutional Investors Best Institutional Crypto Staking Platforms Best Stablecoin Infrastructure Provider Best Stablecoin Orchestration Platforms Best Stablecoin Settlement Platforms Best Crypto Wallet Infrastructure Providers Best Stablecoin APIs Loading... More Top Picks → Enterprise Brand Pulse CXO Stories Opinion Interviews Funding Explorer Tokenization Tracker M&As Startup Product Launch Expansion Loading... Visit Block of Fame: Our B2B Hub → Podcast Review & Rating Exchange Ratings Wallet Ratings Crypto Card Ratings Loading... More Ratings → Research Case Studies Quarterly Reports Deep Dive Reports Loading... Visit Research → Company About Us Editorial Team Editorial Policy Careers Advertise Contact Us Submit PR ABOUT COINGAPE
CoinGape delivers live crypto news, reporting, market analysis, project analysis, listicles, reviews & ratings, combining macro coverage to surface real market signals
More Education Blog Glossary Events Loading... Ecosystem Block of Fame Voice of Web3 Awards BUZZ3 Podcast Ecosystem Block of Fame Voice of Web3 Awards Global OnChain Summit BUZZ3 Global Onchain Summit | Awards Prediction Markets NEW Web3 Projects AEO RWA Discovery Crypto Lawyers EN PT ES DE b btc $83,061 ▲ 0.13% e eth $2,504 ▼ 0.13% b bnb $749 ▼ 0.49% s sol $110 ▼ 0.84% x xrp $1 ▼ 0.68% u usdc $0.9997 ▼ 0.00% a ada $0.2481 ▼ 3.68% d doge $0.0857 ▼ 0.75% b btc $83,061 ▲ 0.13% e eth $2,504 ▼ 0.13% b bnb $749 ▼ 0.49% s sol $110 ▼ 0.84% x xrp $1 ▼ 0.68% u usdc $0.9997 ▼ 0.00% a ada $0.2481 ▼ 3.68% d doge $0.0857 ▼ 0.75% b btc $83,061 ▲ 0.13% e eth $2,504 ▼ 0.13% b bnb $749 ▼ 0.49% s sol $110 ▼ 0.84% x xrp $1 ▼ 0.68% u usdc $0.9997 ▼ 0.00% a ada $0.2481 ▼ 3.68% d doge $0.0857 ▼ 0.75% b btc $83,061 ▲ 0.13% e eth $2,504 ▼ 0.13% b bnb $749 ▼ 0.49% s sol $110 ▼ 0.84% x xrp $1 ▼ 0.68% u usdc $0.9997 ▼ 0.00% a ada $0.2481 ▼ 3.68% d doge $0.0857 ▼ 0.75% Buy Ad Buy on Binance
Ad Home / Price Analysis / Ethereum Price Prediction as ETH ETFs Post Highest Weekly Outflows Since January Ethereum Price Prediction as ETH ETFs Post Highest Weekly Outflows Since January 10 Oct, 2026 By Muthoni Mary Muthoni Mary
Muthoni Mary is a seasoned crypto market analyst and writer with over three years of experience decoding blockchain trends, price movements, and market dynamics. She holds a Bachelor’s Degree in Commerce (Finance) from Kenyatta University, blending a solid academic foundation with a sharp eye for technical analysis and a deep understanding of on-chain data. Her work delivers clear, data-driven insights that empower investors to navigate the fast-evolving digital asset space with confidence. When she’s not analyzing the markets, Mary enjoys reading and travelling. Read full bio Copied! Why Trust CoinGape CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information. Highlights
Ethereum (ETH) price is down by more than 7% in the seven days leading up to October 10, with this drop coming amid weak demand for spot ETH ETFs that have now seen their worst weekly performance since January
ETH trades at $2,491 at the time of writing after dropping by 0.39% in 24 hours. Trading volumes had also shrunk by 61% to $7.2 billion, per data from CoinMarketCap
Data from SoSoValue shows that Ethereum ETFs recorded outflows of $542 million in the week ended October 9. This marks the highest weekly outflows recorded by these ETH ETFs since late January 2026
BlackRock’s iShares Ethereum Trust contributed to the biggest share of these outflows, with $477 million flowing out of the products, with this being the highest weekly outflow by ETHA since December 2025
SoSoValue also shows that the total outflows from all US-listed crypto ETFs were the highest seen since June, with Bitcoin (BTC) leading the pack with $681 million in outflows
After Ethereum outperformed Bitcoin in Q3 with a 70% gain, investors seem to be booking profits now, which has caused a surge in the amount of ETH that is available on exchanges to the highest level since September 23
CoinGlass shows that this exchange balance has increased from 11.71 million ETH on October 8 to 11.8 million ETH on October 9. This shows that 90,000 ETH tokens have entered exchanges in just 24 hours
The increased exchange inflows coincide with reduced demand for Ethereum futures positions. Per CoinGlass, Ethereum’s open interest has dropped from 13.29 million ETH on October 8 to 12.77 million ETH at the time of writing
The falling OI comes after analysts warned of a deeper correction in Ethereum price after ETH closed below a crucial support level
Ethereum’s daily chart shows a surging bearish sentiment, with the RSI indicator falling to 39 for the first time since June
ETH has also dropped below the 50-day SMA, with this move suggesting that the future Ethereum outlook is now favoring bears
With Ethereum price now trading below the psychological support at $2,500, bears are now eyeing a drop to the 100-day SMA of $2,200
However, a move to $2,200 depends on whether ETH breaches the immediate support at $2,370
If Ethereum price can defend this support at $2,370, considering the easing geopolitical tensions and the recent leverage flush, a sustained uptrend will depend on whether ETH can close above the 50-day SMA
Instant Currency Exchange at BestChange with Ease
1. What is the impact of rising ETH outflows on Ethereum price?
2. How low could ETH price go if the ongoing sell-off persists?
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information
Tom Lee Predicts Ethereum Price Will Surpass $5,000 by Year End
Why is NEAR Protocol Price Outperforming BTC, ETH and XRP Today?
Ethereum Price Prediction: Analyst Warns of Deeper Correction as ETH Sees Highest Long Liquidations Since June
Why Analysts Think Ethereum Price Could Rally to $3K This Week
Ethereum Price Forecast as Fed Rate Hike Odds Drop on Cooling US Inflation
1 BTC Welcome Bonus. No KYC to start. → 1 BTC Welcome Bonus. No KYC to start. → Play Now SPIN NOW Win upto $5000 + 100 free spins the 30% Cashback
