TREE NEWS reports: Ether dropped below $2,300, extending a 28-day decline to 14.7% and underperforming bitcoin by 9.15 percentage points over matched nearly four-week windows. US ether ETFs recorded another outflow on Oct. 22, adding to pressure on the second-largest cryptocurrency.
Ether Falls Below $2,300 as 28-Day Loss Reaches 14.7%
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AI take
The notable signal here is the divergence: ether's 28-day slide outpacing bitcoin by a wide margin points to weakness specific to ETH rather than a broad risk-off move. Persistent US ether ETF outflows reinforce that read, suggesting the spot-ETF bid that once supported the asset has turned into a supply source. The question worth watching is whether ETF flows stabilize before the underperformance against bitcoin becomes the dominant narrative for the asset.
Generated by AI for reference only.
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