---
title: "Why did Ethereum drop 4.5% on October 29, 2026?"
language: en
canonical: "https://whycoinmoves.com/en/coins/ethereum/2026-10-29"
date: 2026-10-29
---

# Why did Ethereum drop 4.5% on October 29, 2026?

On October 29, 2026 (UTC), ETH went from about $2,359.97 to $2,254.02 (-4.48%) on OKX · USDT, trading between $2,232.61 and $2,379.36. ETH largely moved with the market. ETH fell further than this on 1 of the past 29 days. 1 ETH report is on the timeline below: 1 published before the largest hourly move and 0 during or after it. Timing alone does not show what caused the move.

- Day open / close: $2,359.97 → $2,254.02 (24 hourly candles, OKX · USDT)
- Day range: $2,232.61 – $2,379.36
- Versus Bitcoin: -4.48% / BTC -4.11%; About +0.5 points of the move is its own after allowing for Bitcoin
- Versus the past month: 1 of the past 29 days fell further; -4.48% in the 24 hours to Oct 30, 2026, 00:00 UTC, 4.1× a typical day (1.1%).
- 30-day range: 18.9% below the high · 1.0% above the low; From hourly highs and lows on the same venue
- 24h volume: 1.8×; of its prior 30-day daily average
- Perpetual swap: funding near zero · open interest rising; OKX perpetual swap ETH-USDT-SWAP

Computed from OKX · USDT hourly candles for the 24 hours to Oct 30, 2026, 00:00 UTC.

## ETH timeline around October 29, 2026

Largest closed hourly move: -3.37%, Oct 29, 2026, 20:00–21:00 (UTC).

- Oct 29, 2026, 04:39 UTC (before the largest hourly move): [CFTC chair says AI agents could challenge rules built around human traders](<https://whycoinmoves.com/en/events/ethereum-your-fridge-could-one-day-ea3db705917f92>) · Cointelegraph — Commodity Futures Trading Commission chair Mike Selig said autonomous AI agents could challenge financial rules designed around human traders and that regulators need to adapt, Cointelegraph reported.

Prices, market readings and reports are shown side by side; timing alone does not show what caused a move.

## Same-day movers · 2026-10-29 (UTC)

- [Quack AI (Q) -29.02%](<https://whycoinmoves.com/en/coins/quack-ai/2026-10-29>)
- [Pons (PONS) -21.29%](<https://whycoinmoves.com/en/coins/pons/2026-10-29>)
- [Ethena (ENA) -16.29%](<https://whycoinmoves.com/en/coins/ethena/2026-10-29>)
- [NEAR Protocol (NEAR) -14.24%](<https://whycoinmoves.com/en/coins/near/2026-10-29>)
- [Raydium (RAY) -12.52%](<https://whycoinmoves.com/en/coins/raydium/2026-10-29>)

[Ethereum (ETH) price and news](<https://whycoinmoves.com/en/coins/ethereum>)
[Methods and limitations](<https://whycoinmoves.com/en/methodology>)