$ETH analysis: The second-largest coin is facing the strongest pressure among the top coins.
• $ETH around $2,050–2,060, down ~11.5% over 7 days — the steepest drop among major coins (CoinGecko, 11/11).
• Daily RSI ~30.6, near oversold territory; price is testing the psychological support level at $2,000, after hitting an intraday low around $2,000–2,030.
• US spot ETFs $ETH saw net outflows of ~$185 million on 9/11 — the third consecutive session of outflows; ETF $BTC also saw outflows of ~$201 million that session.
• $ETH Liquidations totaled ~$235.5 million over 24 hours, the highest in the market, mostly from long positions (MyCoinDeck).
• Context: US CPI rose 0.4% in October, above the 0.3% forecast, leading markets to price in a higher likelihood of a Fed rate hike in December.
Levels to watch: If $2,000 holds, a rebound could target $2,083–2,126, and further out $2,100–2,150; a break below $2,000 could open the way to $1,930. ETF flows in the coming sessions should provide a clearer signal.
This article is for market analysis and informational purposes only, not investment advice.
$ETH $BTC
#Ethereum #Crypto #ETF
• $ETH around $2,050–2,060, down ~11.5% over 7 days — the steepest drop among major coins (CoinGecko, 11/11).
• Daily RSI ~30.6, near oversold territory; price is testing the psychological support level at $2,000, after hitting an intraday low around $2,000–2,030.
• US spot ETFs $ETH saw net outflows of ~$185 million on 9/11 — the third consecutive session of outflows; ETF $BTC also saw outflows of ~$201 million that session.
• $ETH Liquidations totaled ~$235.5 million over 24 hours, the highest in the market, mostly from long positions (MyCoinDeck).
• Context: US CPI rose 0.4% in October, above the 0.3% forecast, leading markets to price in a higher likelihood of a Fed rate hike in December.
Levels to watch: If $2,000 holds, a rebound could target $2,083–2,126, and further out $2,100–2,150; a break below $2,000 could open the way to $1,930. ETF flows in the coming sessions should provide a clearer signal.
This article is for market analysis and informational purposes only, not investment advice.
$ETH $BTC
#Ethereum #Crypto #ETF