Erling Haaland scored twice for City, while Monaco's goals came from Jordan Teze and a 90th-minute penalty converted by Eric Dier.
Hutter praised his players for their effort, saying they were "fantastic" despite missing six or seven senior players due to absence.
He noted that the equalizing goal was a turning point, and he was proud of his team for never giving up on the pitch.
Hutter also commented on Monaco's strategy, saying they employed a 5-4-1 formation with a middle block and a lower defensive line to counter Manchester City's intense pressure.
He acknowledged that Monaco had some scoring opportunities, although they also relied on luck to avoid defeat.
Overall, Hutter believed that Monaco deserved the point from the draw, given their performance and determination.