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Ethereum Foundation sells $3.87M in ETH amid $696M ETF outflows, pushing ETH price below $2,000.

Market News
13 Nov 2026, 20:46 WIB
Crypto Economy
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Bearish
Ethereum Foundation sells $3.87M in ETH amid $696M ETF outflows, pushing ETH price below $2,000.

The Ethereum Foundation sold 2,000 ETH worth about $3.87 million, adding to total sales of 6,785 ETH since late October. Meanwhile, US spot Ethereum ETFs saw massive net outflows of $695.9 million in November, far exceeding the Foundation's sales and exerting greater selling pressure on ETH. This contributed to ETH's price falling below $2,000. The Foundation's wallet still holds around 11,000 ETH, and its sales support operational expenses without changing Ethereum's monetary policy. However, institutional ETF outflows remain the dominant factor affecting market dynamics.

Ethereum's market cap stands at Rp4.326,94 trillion as of November 14, 2026, 02:02 WIB, with a 24-hour trading volume of Rp277,66 trillion on Pluang. Despite the Ethereum Foundation's recent sales, Pluang data shows a nearly balanced order activity with 46% sell and 54% buy, and a typical hold time of 109 days among investors. Ethereum's price on Pluang is Rp35.359.130, down 3.47% in the past day, reflecting ongoing market pressures including significant ETF outflows noted in the news.

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