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Ethereum struggles near $2,230 as $365M ETF outflows raise downside risks below $2,200

08 Nov 2026, 21:10 WIB
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Bearish
Ethereum struggles near $2,230 as $365M ETF outflows raise downside risks below $2,200

Ethereum is trading near $2,230 amid weak momentum and significant ETF withdrawals totaling $365 million in one week, led by BlackRock. The cryptocurrency faces critical support at $2,200; falling below this level could lead to further declines toward $2,100 or lower. Market watchers await the US inflation report on November 10, which could influence Federal Reserve policy and impact Ethereum's price direction. Despite longer-term upgrades like Glamsterdam, near-term recovery depends heavily on institutional demand and broader market sentiment.

Ethereum trades at Rp40.364.962 on Pluang as of Nov 09, 2026 02:21 WIB, showing a slight 0.05% decline over 1 day. This price sits within a narrow range compared to its typical hold time of 108 days on the platform, indicating steady investor interest despite recent ETF outflows. The market cap of Rp4.940,64 trillion and a 24-hour volume of Rp65,07 trillion highlight Ethereum's significant liquidity and market presence at this moment.

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