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Ethereum price drops below €2,000 amid market sell-off and ETF outflows.

09 Nov 2026, 03:17 WIB
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Bearish
Ethereum price drops below €2,000 amid market sell-off and ETF outflows.

Ethereum's price fell sharply below €2,000 on November 8, 2026, dropping over 4.5% within an hour without a clear trigger. The decline was driven by ongoing market pressure, including six weeks of outflows from US spot Ether ETFs and low liquidity during weekend trading. This rapid fall triggered liquidations of leveraged positions, further accelerating the drop. Investors should watch key support levels around $2,070 and €1,858, consider their holding periods for tax implications, and evaluate custody options amid continued market volatility.

Ethereum is currently priced at Rp38.441.151 on Pluang, down 4.84% over the past day. As of Nov 09, 2026 08:31 WIB, the market shows a balanced interest with 64% of orders buying and a typical holding period of 108 days.

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