FeesSafety
Pluang+

Ethereum dips below $2,000 amid inflation fears, then recovers but closes down 3.8%

Market News
12 Nov 2026, 15:25 WIB
Crypto Briefing
View Source
Bearish
Ethereum dips below $2,000 amid inflation fears, then recovers but closes down 3.8%

Ethereum briefly fell below $2,000 on November 12, 2026, hitting an intraday low near $1,996 before recovering to around $2,040-$2,050. The drop was driven by a strong inflation report that increased expectations of a Federal Reserve rate hike, causing broad market risk aversion. Ethereum has fallen about 16% in November and 32% year-to-date, with significant ETF outflows and reduced network activity signaling weaker investor interest. However, some large buyers are accumulating ETH, though the key support level to watch is $2,000; a break below could lead to further declines amid ongoing macroeconomic uncertainty.

On Pluang, Ethereum trades at Rp36.599.464 as of November 12, 2026, 20:44 WIB, down 1.37% for the day. The platform shows a market cap of Rp4.508,19 trillion and a 24-hour trading volume of Rp156,91 trillion. Despite recent volatility, 68% of Pluang users are buying ETH, holding it on average for 109 days.

More News (ETH)

BTC, USDC, and USDT see net inflows while ETH, XRP, and PEPE face net outflows in 24-hour crypto flows

BTC, USDC, and USDT see net inflows while ETH, XRP, and PEPE face net outflows in 24-hour crypto flows

In the past 24 hours, Bitcoin (BTC), USD Coin (USDC), and Tether (USDT) recorded net inflows, indicating increased investor interest. BTC had net inflows of $28.17 million, USDC led with $67.15 million, and USDT followed with $24.79 million. Converse...

Neutral
6 hours ago
Top 10 staking assets see weekly market cap drops; Hyperliquid leads annual returns despite declines.

Top 10 staking assets see weekly market cap drops; Hyperliquid leads annual returns despite declines.

All top 10 staking assets experienced declines in staking market capitalization last week, with Ethereum dropping the most at 15.24%. Despite this, Hyperliquid maintained the highest annual total return at 77.07%, outperforming others that mostly sho...

Market News
Bearish
6 hours ago
Ethereum fee burns cover only 3.2% of new ETH issuance, challenging its deflationary outlook.

Ethereum fee burns cover only 3.2% of new ETH issuance, challenging its deflationary outlook.

Ethereum's recent fee burns offset just about 3.2% of new ETH issuance, meaning the supply continues to grow rather than shrink. Vitalik Buterin, Ethereum's co-founder, argues that fee burns are too volatile to reliably support Ether's valuation and ...

Protocol Fundamentals
Neutral
6 hours ago
A $589M short-gamma zone near $2,000 could boost ETH volatility as dealer hedging flips from stabilizing to amplifying.

A $589M short-gamma zone near $2,000 could boost ETH volatility as dealer hedging flips from stabilizing to amplifying.

Ethereum's options market shows a $589 million short-gamma pocket near $1,980 to $2,000, meaning dealer hedging may increase ETH price swings instead of dampening them. Currently, ETH trades just above this zone and below the $2,090-$2,104 gamma flip...

Technical Signals
Bearish
6 hours ago
Ethereum ETF outflows hit $144.8M, pressuring ETH near $2,000 support level

Ethereum ETF outflows hit $144.8M, pressuring ETH near $2,000 support level

Ethereum faces renewed selling pressure as spot ETF outflows surged to $144.8 million, led by BlackRock's $129.8 million withdrawals, threatening the $2,000 price support. The cryptocurrency is trading around $2,050 but struggles to gain sustained mo...

Market News
Bearish
7 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App