Ethereum falls below $2,100 as spot ETFs see $184.6 million outflow

Ethereum dropped below the $2,100 level on Monday, with the price reaching an intraday low of $2,084. CoinMarketCap recorded Ethereum trading near $2,093, marking a decline of nearly 2% on the day as market participants awaited the latest US Consumer Price Index (CPI) report scheduled for later in the day. While Bitcoin and much of the broader crypto market remained largely stable, Ethereum lagged behind, underperforming against its peers. Data from CoinMarketCap indicated only a minor drop in Bitcoin, with Ethereum experiencing a more pronounced dip. Spot Ethereum exchange-traded funds (ETFs) in the US saw significant net outflows, which added to the selling pressure. Farside Investors reported that on November 9, Ethereum spot ETFs recorded outflows totaling $184.6 million.

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