Ethereum sees largest outflow in over 4 months, mirroring June rebound signal

Ethereum (ETH) saw a net outflow of roughly 169,770 coins from exchanges, the largest in over 4 months, a pattern previously seen before the June rebound. Despite this tightening supply, US spot Ethereum funds have recorded net outflows totaling $1.18 billion through October 22, and Coinbase buyers show hesitation, as indicated by a negative CryptoQuant Coinbase Premium Index reading of -0.134. Analysts are divided, with Santiment suggesting sustained outflows favor buyers if ETH holds current levels, while Ted Pillows requires a reclaim of $2,550 for a trend change, and Michaël van de Poppe targets entries below $2,300.