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Ethereum drops 6.4%, breaks key trend line amid heavy leveraged liquidations and ETF outflows

Market News
09 Nov 2026, 11:34 WIB
Crypto Briefing
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Bearish
Ethereum drops 6.4%, breaks key trend line amid heavy leveraged liquidations and ETF outflows

Ethereum (ETH) fell 6.42% to $2,093.15, breaking below its 200-day moving average for the first time since mid-August. This decline was driven by $449-462 million in liquidations, mostly from leveraged long positions, and $365.2 million in weekly outflows from US spot Ethereum ETFs, signaling reduced institutional demand. The drop also coincided with broader market weakness and regulatory concerns. Key support near $2,100 is critical; a rebound above $2,200 would suggest the selloff was mainly a leverage purge, while a sustained break below $2,063-$2,108 could indicate further downside risk.

Ethereum is trading at Rp38.098.690 on Pluang, down 5.70% in the last day. Pluang data as of Nov 09, 2026 16:52 WIB shows a market cap of Rp4.656,4 trillion and a 64% buy order activity, indicating ongoing investor interest despite recent declines.

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