Ethereum price prediction: Can ETH defend $2,300 amid ETF outflows?

Ethereum’s price has fallen toward the $2,300 support level as continued spot ETF withdrawals, selling by early investors and bearish technical indicators keep buyers under pressure ahead of the Federal Reserve’s interest rate decision. Summary Ethereum price trades near $2,300 after losing approximately 13.6% during October. ETF withdrawals and sales by early investors continue to pressure ETH. CryptoQuant reports Ethereum NUPL near zero as Binance outflows continue. Analysts identify $2,350 and $2,550 as recovery levels, with $2,200 offering lower support. According to the latest Ethereum price data, ETH was trading near $2,312, down approximately 0.43% over 24 hours, with trading volume reaching $8.77 billion. The cryptocurrency has lost roughly 13.6% in October, leaving traders watching whether its current support can hold through the final trading sessions of the month. Why is Ethereum price falling today? Institutional fund flows remain one of the main concerns for Ethereum investors, following several weeks of withdrawals from U.S. spot ETH ETFs. According to SoSoValue data, the funds recorded $88.58 million in net outflows on October 26, bringing cumulative net inflows to $...