Key Highlights

  • Ether (ETH) rose to about USD 2,370 on October 28, 2026 while Ether ETFs lost USD 88.58 million, a mixed signal because price strength and fund outflows normally point in opposite directions.
  • XRP rose 3% to USD 1.33 and Solana climbed to USD 102, so large altcoins joined the move higher into the Federal Reserve decision due at 2:00 p.m. ET on October 28.
  • Zcash jumped 8% to about USD 1,320, a level taken from one article and worth treating cautiously because it is far above the other prices in the group.
  • Prices come from published market data and the ETF outflow comes from one daily flow report, so the figures may be revised as more data arrive.

The Mixed Picture

Ether (ETH) climbed to about USD 2,370 on October 28, 2026, but Ether ETFs recorded outflows of USD 88.58 million. ETF flows show whether investors are adding or removing exposure through fund shares. Outflows during a price rise can mean that direct buyers and traders outweighed fund sellers, or that fund holders took profits into strength. Neither reading can be proved from one day of data. XRP gained 3% to USD 1.33 and Solana rose to USD 102, so the altcoin group was firm while the fund flows lagged. Because fund flows are reported after the close, the October 28 figure may describe the previous session rather than the quote's session.

Altcoins and the Zcash Jump

Zcash rose about 8% to about USD 1,320 in one report, a figure that looks high against other prices and should be confirmed with exchange data. Altcoin leadership during a pre-Fed rally often reflects traders adding risk, because smaller coins move more than larger ones in either direction. A parallel context is Bitcoin (BTC), which was back above USD 81,000 the same morning. The market is therefore moving together, though with different flow signals, and Galaxy's research head argues that the broader crypto bear market has ended, an opinion not shared by every analyst. Ether is a smart-contract platform, so its price also reflects network use, which was not captured for this article.

Risks and What to Watch

The main risk is the Federal Reserve: a hold is priced near 93%, and December hike odds near 73% to 75% could climb if Chair Warsh sounds hawkish, which would weigh on assets that pay no income. ETF outflows may continue, and altcoin rallies can reverse fast. Watch daily ETF flows, the dollar index at 102.37, and the 10-year yield near 4.995%. Network fundamentals such as fees, staking and activity were not captured here, so this article describes market moves only, not the long-term case for Ether (ETH). Liquidity can also thin around the Fed decision, which makes sharp moves more likely in either direction. Smaller coins can reverse by double digits within hours.

Where Things Stand

The answer is that Ether (ETH) is near USD 2,370 because crypto buyers came back before the Fed, even as Ether ETFs lost USD 88.58 million, which makes the move a mixed signal and not a confirmation. The next catalysts are the Fed decision on October 28, ETF flow data and the dollar. This is not investment advice. The mix of price strength and outflows argues for caution about reading one day's data too firmly.