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Ethereum price dips below $2,000 amid ETF outflows, testing key support zone for 2026 market bottom

Market News
12 Nov 2026, 20:07 WIB
Crypto news
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Ethereum price dips below $2,000 amid ETF outflows, testing key support zone for 2026 market bottom

Ethereum briefly fell below $2,000 on November 12, testing a critical support zone between $2,000 and $2,100 that analysts say could determine if the market has hit its 2026 bottom. Despite a recovery to around $2,014, US spot Ethereum ETFs have seen significant outflows totaling nearly $696 million in November, reflecting ongoing selling pressure. Technical indicators show resistance near $2,031 and overhead liquidity clusters up to $2,450, suggesting potential for a rebound if support holds. However, Ethereum remains below key weekly moving averages, indicating challenges ahead for a sustained recovery.

Ethereum trades at Rp36.639.306 on Pluang, down 2.88% in the past day as of Nov 13, 2026 01:21 WIB. Market activity shows 83% of orders are buys, with a typical hold time of 109 days, indicating steady investor interest despite recent price pressure.

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