Ethereum Net Exchange Outflows Reach Four-Month High of 169,770 ETH

Ethereum recorded a four-month high single-day net exchange outflow of 169,770 ETH, worth roughly $407 million, reducing immediate liquid supply across centralized trading platforms. Despite the accumulation signal, opposing market pressures persist. Lookonchain tracked early whales offloading 4,000 ETH to Kraken, while U.S. spot Ethereum ETFs shed over $1 billion from October 1 to October 22. Technically, ETH broke below its $2,385.62 support to trade near $2,376.62 amid futures seller dominance, leaving analysts eyeing the $2,300 to $2,330 range as critical support if prices cannot reclaim $2,500.