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Ethereum struggles to hold $2,200 as institutional ETF outflows hit $365M in a week

Market News
07 Nov 2026, 17:49 WIB
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Bearish
Ethereum struggles to hold $2,200 as institutional ETF outflows hit $365M in a week

Ethereum is trying to stabilize near $2,245 after a sharp decline, but ongoing institutional selling has led to $365 million in ETF outflows over one week. The key support level at $2,200 is under threat, with potential further drops to $2,100 or even $2,000 if selling intensifies. Recovery above $2,300 is needed to regain momentum, but weak institutional demand and broader crypto market uncertainty pose challenges. Ethereum's staking activity remains strong, yet it hasn't translated into immediate price gains, leaving the near-term outlook cautious.

Ethereum price action provides context for readers. For those tracking major cryptocurrencies on Pluang as of Nov 07, 2026 23:02 WIB: out of 50 priced assets, 10 rose and 39 fell. Notable movers include SXP down 46.27% at Rp37, ONE up 30.43% at Rp37 with 63% sell orders, and BAL up 11.14% at Rp16.297.

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