Key Notes

Crypto analyst Ted Pillows highlighted the sharp rejection below $4,000, while IncomeSharks cautioned about sustained weakness.

U.S.spot Ethereum ETFs saw $84 million in net outflows on October 29, led by Fidelity’s FETH.

ETH price needs to give a weekly close above $4,000 for a sustained upside moving ahead.

The FOMC meeting and Fed rate cut announcement on October 29 turned out to be a “sell-the-news” scenario for the crypto market.

Ethereum ETH $3 781 24h volatility: 5.0% Market cap: $456.29 B Vol. 24h: $41.34 B price has lost the $4,000 support, dropping another 3% in the last 24 hours, in what analysts believe to be a classic bear trap. On the other hand, spot Ethereum ETF flows have turned negative again.

ETH Price Loses $4,000 Support in

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