Ethereum Price Tests $2,350 Support Amid Arthur Hayes' $22M Altcoin Selloff
Ethereum faces downward pressure as Arthur Hayes' substantial altcoin sales coincide with market uncertainty.
Ethereum faces downward pressure as Arthur Hayes' substantial altcoin sales coincide with market uncertainty. Ethereum (ETH) is trading at $2,354.72. This is an original TLT brief synthesising 2 outlets (The Coin Republic, Blockonomi), with their figures cross-checked, plus live market data, as of Sun, 25 Oct 2026 01:15:02 UTC.
The significant altcoin selloff by a prominent investor like Arthur Hayes could amplify short-term price volatility for Ethereum and other affected tokens. This development highlights the influence of large holders on crypto market dynamics.
- Arthur Hayes sold $22.28M in altcoins including ETH, ENA, and UNI.
- Ethereum price dropped below $2,350 amid ETF outflows and whale selling.
- Analysts warn of potential downside to $2,200-$2,250 if $2,350 support fails.
Both The Coin Republic and Crypto.news report that Ethereum's price dropped below $2,350 on October 24, with Arthur Hayes selling $22.28 million in altcoins including ETH, ENA, and UNI. However, Crypto.news adds context about $110.6 million in ETF outflows and a delayed Glamorous testnet upgrade, while The Coin Republic focuses on analyst Ted Pillows' warning of potential downside to $2,200-$2,250 if the $2,350 support level fails.
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- Ethereum Tests Critical Support Amidst 7% Weekly Decline
- Arthur Hayes Exits Maelstrom Trades Amid $22.28M Token Sell-Off
- Ethereum Whale Moves $155M as ETH Price Tests $2,500 Resistance
- Bitcoin Tests Key Support Levels Amidst Altcoin Weakness
- Ethereum Price Tests $2,350 Support Amid Arthur Hayes' $22M Altcoin Selloff — this brief
On October 24, 
Ethereum's price fell below the key support level of $2,350 amid a series of market developments. According to reports from The Coin Republic and Crypto.news, the selloff was partly driven by Arthur Hayes' disclosure of selling $22.28 million worth of altcoins, including Ethereum (ETH), 
Ethena (ENA), 
Uniswap (UNI), and four other tokens.
The Coin Republic cites analyst Ted Pillows, who warned that a daily close below $2,350 could expose Ethereum to further downside, potentially reaching the $2,200-$2,250 range. Meanwhile, Crypto.news adds that the market is also experiencing $110.6 million in ETF outflows and uncertainty surrounding the delayed Glamorous testnet upgrade.
Market data shows Ethereum trading at $2,353.9, down 1.24% in the last 24 hours and 1.44% over the past week. This price action aligns with a broader market that remains relatively flat, with 
Bitcoin also experiencing a slight 0.38% decline over the same period.
The total crypto market cap stands at $2.77 trillion, with a Neutral Fear & Greed index reading of 54. Other affected tokens, such as Uniswap and Ethena, are also experiencing minor losses, with UNI down 1.45% and ENA down 1.95% in the last 24 hours.
The situation bears watching as the $2,350 level becomes a critical support point. If this level fails to hold, it could trigger further selling pressure. Investors should monitor whether the market can stabilize or if additional negative catalysts emerge.
Since this brief published about 1 hour ago, Ethereum (ETH) has moved from $2,353.90 to $2,354.72 — +0.03%.
The chart plots ETH's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 ETH ≈ ₦3.25M (about $2,354.72), down 0.9% over 24 hours. The naira itself trades about 4.1% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
2 key figures independently matched across 2 outlets reporting this story.
TLT extracts the figures each outlet reports and flags the ones that agree. Numbers cited by only one outlet are attributed in the brief, not shown as corroborated.
Figures and sectors in this story, checked live against on-chain aggregators · October 25, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Ethereum Price Tests $2,350 Support Amid Arthur Hayes' $ — questions & answers
What did Arthur Hayes sell?
Arthur Hayes sold $22.28 million in altcoins including Ethereum (ETH), Ethena (ENA), Uniswap (UNI), and four other tokens.
Why is Ethereum's price dropping?
Ethereum's price is dropping due to Arthur Hayes' altcoin sales, ETF outflows, and uncertainty around the Glamorous testnet upgrade.
What is the potential downside for Ethereum?
Analysts warn Ethereum could fall to $2,200-$2,250 if $2,350 support fails.
How much is 1 Ethereum worth in naira today?
About ₦3.25M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $2,354.72. The naira price moves with both ETH's US-dollar price and the USDT/NGN rate; use our Ethereum in naira page for any amount.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from The Coin Republic, Blockonomi, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.