Ethereum price falls despite BitMine buying another 9,587 ETH

Ethereum price has fallen slightly over the past 24 hours to $2,120 on November 10, extending its recent losses as spot ETF outflows continue and traders monitor activity among large ETH holders. Ethereum price declined to $2,120, underperforming Bitcoin despite relatively stable conditions across cryptocurrency markets Tuesday. U.S. spot Ethereum ETFs recorded $184.51 million in net outflows on November 9, SoSoValue reported. Lookonchain reported that an Ethereum Foundation-linked wallet sold 1,000 ETH worth approximately $2.13 million Tuesday. Santiment recorded over 630 daily large stETH transactions as borrowing activity involving staked Ether increased. BitMine acquired another 9,587 ETH, raising its total holdings to 6,070,092 tokens. According to Ethereum price data, ETH has declined 5.78% over the past seven days, while Bitcoin gained slightly during the latest 24-hour period.

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