Ethereum slides below $2,300, posting a 28‑day loss of 14.7%

Ether drops below $2,300

Ethereum (ETH) fell below $2,300 on October 24, reaching its lowest sampled price in the past 28 days. CoinGecko quoted ETH at $2,293.95 at 11:20 a.m. ET, the lowest hourly observation since September 26.

Key numbers

• 28‑day price decline: 14.73% (from about $2,692 on Sept 26)


• Bitcoin 28‑day decline over the same period: 5.58%


• Ethereum underperformed Bitcoin by 9.15 percentage points


• US ether exchange‑traded funds (ETFs) recorded $110.6 million net outflows on Oct 22

ETF outflows

ETF stands for exchange‑traded fund, an investment product that tracks an asset and trades on an exchange. Data from Farside Investors shows US ether ETFs had a net outflow of $110.6 million on Oct 22. The next day, net inflows were only $4.4 million, and the ETHV fund’s flow was not reported.

Confirmed data

The price figures and percentage changes come from CoinGecko data used by The Defiant. Calculations compare identical timestamps for ETH and Bitcoin, excluding any staking rewards.

Unclear factors

The outflows from ether ETFs do not explain the price drop on Saturday. No specific cause for the decline is identified in the source material.

Why the drop matters

The sharper decline in Ethereum relative to Bitcoin suggests weaker demand for ETH during this period. Large ETF outflows may signal reduced investor interest, but the link to the price move remains unproven.

Sources

• The Defiant

Read also: Strategy and Strive juggle bitcoin purchases with preferred‑stock dividend duties

Read also: Bitcoin drops below $80,000 as leveraged bets wipe out $404 million

Read also: Xapo CEO: Wealthy Bitcoin holders shift from trading to private banking services

Read also: Aave raises USDT borrowing costs to protect liquidity reserves

Read also: Arbitrum's ARB Token Hits Four-Week Low While Usage Rises

Read also: Bitcoin drops below $80,000 as US evacuates staff from the Middle East