ETH trades at $2,074.09, with bearish bias as liquidity tightens
Fundamentals and valuation
Key driver: Hotter-than-expected October inflation has led markets to price in a December Fed rate hike. Deutsche Bank expects quarter-point increases through March, taking the target range to 4.50%–4.75%. Tighter policy could weigh on liquidity, while annual supply growth near 0.9% adds a dilution headwind.
Valuation and flows: ETH has a market capitalization of $253.37B, turnover of 3.77% and an FDV ratio of 1.00. BitMine’s purchase of 9,587 ETH and holdings equal to 4.97% of supply contrast with $184.6M in U.S. spot Ether fund outflows on Nov. 9 and daily large-order net outflows of $4.31M.
Trend and technicals
Key levels: ETH is below the $2,115.55 lower envelope. A sustained close above the $2,260.04 structural invalidation level would weaken the immediate bearish setup.$
Fundamentals and valuation
Key driver: Hotter-than-expected October inflation has led markets to price in a December Fed rate hike. Deutsche Bank expects quarter-point increases through March, taking the target range to 4.50%–4.75%. Tighter policy could weigh on liquidity, while annual supply growth near 0.9% adds a dilution headwind.
Valuation and flows: ETH has a market capitalization of $253.37B, turnover of 3.77% and an FDV ratio of 1.00. BitMine’s purchase of 9,587 ETH and holdings equal to 4.97% of supply contrast with $184.6M in U.S. spot Ether fund outflows on Nov. 9 and daily large-order net outflows of $4.31M.
Trend and technicals
Key levels: ETH is below the $2,115.55 lower envelope. A sustained close above the $2,260.04 structural invalidation level would weaken the immediate bearish setup.$