Here’s why Ethereum price is falling, but could ETH rebound before hitting $2,000?

Ethereum price has fallen more than 2% to $2,062 over the past 24 hours as hotter-than-expected US inflation data renewed concerns about Federal Reserve interest rates, while ETF withdrawals and leveraged liquidations added to selling pressure. Ethereum price fell over 2% to $2,062 after hotter-than-expected US inflation renewed Federal Reserve rate concerns. Ethereum liquidations reached over $258 million, with long positions accounting for nearly $192 million. US spot Ethereum ETFs recorded $184.6 million in outflows on November 9, led by BlackRock. Lookonchain reported that 7 Siblings bought 10,792 ETH while an Ethereum Foundation-linked wallet sold 1,000. Ethereum price faces support near $2,000, with $2,130 and $2,200 serving as potential recovery levels. October consumer prices rose 0.4% month over month, exceeding expectations of 0.3%.

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