Band

Ethereum

<h3 id="h-key-insights" class="wp-block-heading"><strong>Key Insights</strong></h3>
<ul>
 <li>Ethereum price traded at $2,341.12, while Ted Pillows identified $2,200 as a potential buyer area.</li>
 <li>Spot Ethereum ETFs recorded a $484.36 million combined net outflow across seven sessions through Oct. 22.</li>
 <li>BitMine staked 159,728 ETH as the Ethereum Foundation postponed Hoodi’s Oct. 26 activation.</li>
</ul>
<p>Ethereum price sat at $2,341.12 after a 1.3% gain over 24 hours, as spot ETF withdrawals continued. ETH price moved between $2,286.76 and $2,368.07 during the period. It recovered from the daily low, reached the range’s upper end, then retreated before returning above $2,340.</p>
<p>Meanwhile, analyst <a href="https://x.com/TedPillows/status/2114304461783105645" rel="noopener noreferrer nofollow">Ted Pillows reported</a> a lack of ETH spot buyers and identified $2,200 as a potential buying area.</p>
<p>That daily range brought the market close to the level Pillows identified. The $2,286.76 low stood $86.76, or 3.9%, above $2,200. His Ethereum price prediction placed a reversal above $3,000 after buying emerged around that level.</p>
<p>However, the weekly chart and ETF figures recorded separate price and fund-flow data.</p>
<h2 id="h-ethereum-price-levels-center-on-2-200" class="wp-block-heading"><strong>Ethereum Price Levels Center on $2,200</strong></h2>
<p>On the longer weekly view, Ethereum traded near $2,327 on Binance, below the $2,350 level marked as initial support. Ted’s <a href="https://x.com/TedPillows/status/2114304461783105645/" rel="noopener noreferrer nofollow">chart</a> placed the next support zone between $2,165 and $2,200.</p>
<p>Its 20-week Bollinger Band basis stood at $2,165.15, aligning with that area. The lower Bollinger Band stood at $1,416.74.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img width="1024" height="975" src="https://www.thecoinrepublic.com/wp-content/uploads/2026/10/d3bef5a3bda29fe04272d593c1094a1c2465a9258ee96ccdf670b4858ade1aa1-2-1024x975.jpeg" alt="Ethereum price prediction commentary | Source: X">
  <figcaption>
   Ethereum price prediction commentary | Source: X
  </figcaption>
 </figure>
</div>
<p>Above that support zone, ETH had stalled below a $2,800 resistance area. The upper Bollinger Band stood at $2,913.56. The chart labeled $3,447 as the next resistance zone.</p>
<p>Accordingly, Ethereum price would need to reclaim $2,350 and clear the $2,800–$2,914 range before reaching $3,000. The chart listed $1,965 and $1,713 as lower support levels below the $2,165–$2,200 area.</p>
<p>Beyond the weekly technical levels, <a href="https://www.coingecko.com/en/coins/ethereum" rel="noopener noreferrer nofollow">CoinGecko listed</a> Ethereum’s market capitalization at $286.04 billion. It reported $7.79 billion in 24-hour trading volume and $42.52 billion in perpetual futures open interest.</p>
<p>ETH price was down 2.3% over seven days and 13.2% over 30 days. It listed ETH at 0.02904 BTC, unchanged over 24 hours. Its circulating supply stood at 122.161 million ETH.</p>
<h2 id="h-etf-outflows-add-flow-data-to-ethereum-price" class="wp-block-heading"><strong>ETF Outflows Add Flow Data to Ethereum Price</strong></h2>
<p>The Ethereum price prediction coincided with continued spot Ethereum ETF withdrawals. <a href="https://sosovalue.com/assets/etf/us-eth-spot" rel="noopener noreferrer nofollow">SoSoValue data</a> showed $110.50 million in net outflows on Oct. 22.</p>
<p>The funds recorded withdrawals in six of seven trading sessions between Oct. 14 and Oct. 22. Oct. 21 delivered the only positive session, with a $14.96 million net inflow.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-full"><img width="898" height="854" src="https://www.thecoinrepublic.com/wp-content/uploads/2026/10/c0ff83a700d00b3d50e2362c3c3116b2bd49af9f864f5c376bb71c025f815c10-2.png" alt="Ethereum-Spot-ETF-Flows | Source: SosoValue">
  <figcaption>
   Ethereum-Spot-ETF-Flows | Source: SosoValue
  </figcaption>
 </figure>
</div>
<p>More specifically, the data recorded outflows of $129.51 million on Oct. 14. It also recorded outflows of $60.22 million on Oct. 15 and $69.68 million on Oct. 16.</p>
<p>The figures then showed $103.28 million leaving on Oct. 19 and $26.13 million on Oct. 20. After the Oct. 21 inflow, the Oct. 22 record returned to outflows.</p>
<p>Across those seven sessions, combined net flows reached a $484.36 million outflow. Cumulative net inflows dropped from $13.20 billion on Oct. 13 to $12.71 billion.</p>
<p>Total net assets stood at $14.57 billion, while daily ETF trading volume totaled $550.22 million. The prior entry listed $15.36 billion in assets and $695.73 million in trading volume.</p>
<h2 id="h-bitmine-staking-and-hoodi-testnet-delay" class="wp-block-heading"><strong>BitMine Staking and Hoodi Testnet Delay</strong></h2>
<p>Despite negative ETF data tracking fund flows, on-chain data has recorded a separate Ethereum treasury transaction. On Oct. 21, <a href="https://www.thecoinrepublic.com/2026/10/22/the-ethereum-supply-signal-hidden-in-bitmines-390m-deposit/" rel="noopener noreferrer nofollow">BitMine added</a> 159,728 ETH, valued at $390.6 million, to staking.</p>
<p>According to <a href="https://lookonchain.com/feeds/77890?utm_source=chatgpt.com" rel="noopener noreferrer nofollow">Lookonchain</a>, the transaction lifted BitMine’s staked balance above 5.227 million ETH. The tracker calculated that BitMine had placed almost 86.5% of its Ethereum treasury into staking.</p>
<p>After the staking update, Ethereum development work changed the following day. On Oct. 22, the Ethereum Foundation <a href="https://www.thecoinrepublic.com/2026/10/23/ethereum-news-glamsterdam-upgrade-delayed-over-contract-risks/" rel="noopener noreferrer nofollow">postponed Glamsterdam’s Hoodi testnet</a> activation. Developers had scheduled the activation for Oct. 26.</p>
<p>The foundation linked the change to concerns around EIP-8037 and existing mainnet contracts.</p>
<p>Consequently, the postponement removed Hoodi’s planned gas-limit increase to 200 million from that activation. The foundation did not announce a replacement Hoodi testnet date. Ethereum’s mainnet upgrade also had no confirmed schedule. Its Oct. 22 notice superseded earlier activation instructions.</p>
<p>The post <a href="https://www.thecoinrepublic.com/2026/10/26/analyst-sees-ethereum-price-buyers-at-2200-amid-etf-outflows/" rel="noopener noreferrer nofollow">Analyst Sees Ethereum Price Buyers at $2,200 Amid ETF Outflows</a> appeared first on <a href="https://www.thecoinrepublic.com" rel="noopener noreferrer nofollow">The Coin Republic</a>.</p>

Analyst Sees Ethereum Price Buyers at $2,200 Amid ETF Outflows

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