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Ethereum price nears $2,000 as a whale sells thousands of ETH at a $3.1M loss amid ETF outflows.

Market News
12 Nov 2026, 10:14 WIB
Crypto news
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Bearish
Ethereum price nears $2,000 as a whale sells thousands of ETH at a $3.1M loss amid ETF outflows.

Ethereum's price dropped toward $2,000 after a large investor sold 6,532 ETH at a $3.1 million loss, following a purchase made a month earlier at higher prices. This selling coincides with continued outflows from major Ethereum ETFs, including BlackRock's ETHA, which saw $129.8 million withdrawn on November 11. Despite these sales, Ethereum staking remains strong, with over 36% of the supply locked in staking contracts. The price faces support near $2,040 and $2,000, with potential further declines if these levels fail to hold.

Ethereum price action is the subject here, providing context from Pluang's market data. For readers following major cryptocurrencies, 14 out of 50 rose while 35 fell, as of Nov 12, 2026 15:11 WIB. Notable movers include CRV at Rp4.334 with a -3.24% change and 100% buy order activity, BAT at Rp2.160 down 2.65% with 81% buy orders, and YFI at Rp34.227.362 down 2.57% with 88% sell orders.

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