Ethereum (ETH) Price Falls Below $1,900 as Spot ETFs Log Sixth Straight Day of Outflows
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TLDR ETH trades near $1,940 and stays below the $2,000 mark. US October PPI rose 6.5% year over year, the highest since November 2022. Spot ETH ETFs logged a sixth straight day of outflows, totaling $70.5 million. A whale wallet bought 10,380 ETH and now holds 25,498 ETH. Analysts watch $1,850–$1,950 as a key demand zone, with $1,827 as the next support. Ethereum is trading near $1,940 on Friday. The price has stayed below $2,000 after a fresh round of US inflation data. The Producer Price Index rose 6.5% year over year in October. That is the highest reading since November 2022, though it came in just under the 6.6% forecast. Monthly PPI growth was 0.3%, below the 0.4% estimate.
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