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

Key Insights

• Ethereum price traded at $2,341.12, while Ted Pillows identified $2,200 as a potential buyer area.
• Spot Ethereum ETFs recorded a $484.36 million combined net outflow across seven sessions through Oct. 22.
• BitMine staked 159,728 ETH as the Ethereum Foundation postponed Hoodi’s Oct. 26 activation.

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.

Meanwhile, analyst Ted Pillows reported a lack of ETH spot buyers and identified $2,200 as a potential buying area.

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.

However, the weekly chart and ETF figures recorded separate price and fund-flow data.

Ethereum Price Levels Center on $2,200

On the longer weekly view, Ethereum traded near $2,327 on Binance, below the $2,350 level marked as initial support. Ted’s chart placed the next support zone between $2,165 and $2,200.