Ethereum price prediction: Will ETH fall to $2,200 or recover to $2,800?

Ethereum price has remained under pressure near $2,400 on October 23 as renewed ETF withdrawals, selling by an early investor and cautious market sentiment complicated the cryptocurrency’s recovery. Summary Ethereum traded near $2,395 on October 23 as sellers kept ETH below $2,500. U.S. spot Ethereum ETFs recorded $110.6 million in withdrawals on October 22. Ethereum developers postponed Glamsterdam’s Hoodi testnet activation while investigating smart-contract compatibility risks. Lookonchain reported that an early investor sold 3,000 ETH worth approximately $7.2 million. Ethereum’s RSI stood at 39.83, with $2,350 support and $2,500 resistance in focus. According to crypto.news market data, ETH traded around $2,394.57, down approximately 0.25% over 24 hours, with trading volume near $11.62 billion. The cryptocurrency has struggled to regain $2,500 after retreating from its October highs, while buyers attempt to stabilize prices above $2,350. Why is Ethereum price down today? Ethereum’s latest weakness coincided with another round of withdrawals from U.S. spot exchange-traded funds. According to SoSoValue data, U.S. spot Ethereum ETFs recorded approximately $110.6 million in net out...