Ethereum price nears $2,000 as whale sells ETH at $3.1M loss

Ethereum price has fallen toward the $2,000 level as a large investor sold thousands of ETH at a reported $3.1 million loss, while exchange-traded funds and other major holders continued reducing their exposure. Ethereum price approached $2,000 as Lookonchain reported a whale selling ETH following substantial investment losses. Lookonchain estimated the investor lost $3.1 million on Ethereum purchased approximately one month before selling. BlackRock's ETHA recorded $129.8 million in withdrawals during November 11, according to Farside Investors data. Ethereum staking participation reached approximately 36.3% of supply despite continued selling by several large holders. Ethereum price faces immediate support around $2,040, followed by $2,000 and the lower $1,950 price area.

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