--- title: "Why did Ethereum drop 3.4% on October 22, 2026?" language: en canonical: "https://whycoinmoves.com/en/coins/ethereum/2026-10-22" date: 2026-10-22 --- # Why did Ethereum drop 3.4% on October 22, 2026? On October 22, 2026 (UTC), ETH went from about $2,474.15 to $2,389.29 (-3.43%) on OKX · USDT, trading between $2,360.34 and $2,482.47. For the closed-hour 24h window: ETH largely moved with the market. ETH fell further than this on 3 of the past 29 days. ETH reports received that day (1 shown): “Ethereum developers postpone Glamsterdam upgrade on Hoodi testnet”. Timing alone does not show what caused the move. - Day open / close: $2,474.15 → $2,389.29 (24 hourly candles, OKX · USDT) - Day range: $2,360.34 – $2,482.47 - Versus Bitcoin: -3.43% / BTC -3.19%; +0.3 pts left after BTC × its hourly beta 1.18 - Versus the past month: 3 of the past 29 days fell further; Closed-hour 24h move -3.43%, 3.7× its prior 30-day median of 0.9%. - 30-day range: 14.3% below the high · 3.1% above the low; From hourly highs and lows on the same venue - Other tracked coins: 15 of 16 moved the same way; 1 moved the other way - 24h volume: 1.1×; of its prior 30-day daily average - Perpetual swap: funding positive · open interest rising; OKX perpetual swap ETH-USDT-SWAP Computed from OKX · USDT hourly candles for the 24 hours to 23/10/2026, 00:00 UTC. ## ETH reports that day - [Ethereum developers postpone Glamsterdam upgrade on Hoodi testnet]() (22/10/2026, 17:46 UTC) Prices, market readings and reports are shown side by side; timing alone does not show what caused a move. [Ethereum (ETH) price and news]() [Methods and limitations]()