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Ethereum nears key $2,000 support amid selloff and leveraged liquidations before US inflation data.

09 Nov 2026, 15:49 WIB
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Bearish
Ethereum nears key $2,000 support amid selloff and leveraged liquidations before US inflation data.

Ethereum is facing renewed selling pressure, approaching the critical $2,000 support level after failing to stabilize near $2,200. This downturn is driven by leveraged liquidations and institutional ETF withdrawals totaling $365 million, notably from BlackRock's ETHA. The upcoming US inflation report on November 10 is expected to influence Ethereum's recovery prospects, with higher inflation potentially worsening the selloff and lower inflation possibly encouraging buying. While technical and macroeconomic factors weigh on Ethereum, longer-term upgrades like Glamsterdam may support future demand but do not guarantee immediate price recovery.

Ethereum is currently trading at Rp38.308.227 on Pluang, down 5.23% over the past day. As of Nov 09, 2026 21:03 WIB, the market shows a 36% sell and 64% buy order split, with typical holders keeping their positions for about 108 days.

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