Ether slipped to about $2,120 on Tuesday, testing the $2,100 support level as US funds recorded their worst single day of withdrawals this month.
Ether traded at about $2,120 on Tuesday morning, November 10, according to crypto.news, with TradersUnion putting it at $2,113. By late morning it had drifted lower still, with Finnhub showing $2,089.68 at 11:03 UTC. Monday’s close was $2,135.24, according to Finnhub, after ether fell 5.04% on Sunday alone.
The $2,100 level is the immediate test. The lower Bollinger Band stands at $2,110.59, according to crypto.news, placing ether close to immediate technical support, with analysts putting resistance near $2,200. Ether has now fallen about 5.78% over the past seven days and about 21% over the past month, according to Finnhub data, and is roughly 57% below its all-time high of $4,946.
Related: Bitcoin Holds Near $74,500 as Traders Await Tuesday CPI Report
ETF outflows deepen
US spot Ethereum exchange-traded funds recorded $184.51 million in net outflows on Monday, November 9, according to SoSoValue data cited by crypto.news and CoinGabbar — the worst single day of November for the funds. BlackRock’s ETHA accounted for $119.28 million of the withdrawals, with Grayscale pulling $24.96 million and Fidelity $19.07 million.
The Monday outflows followed approximately $365.2 million in net withdrawals during the November 2–6 trading week, and the funds’ combined net assets now stand at $12.07 billion. October as a whole saw ether ETF outflows near $1.1 billion, the biggest monthly outflow since November 2025, according to SoSoValue data cited by CoinTelegraph.
Whales buy while funds sell
The picture is mixed. BitMine Immersion Technologies bought another 9,587 ETH, raising its total holdings to 6,070,092 tokens, according to crypto.news — while a wallet linked to the Ethereum Foundation sold 1,000 ETH worth about $2.13 million on Tuesday, according to Lookonchain. The network’s next upgrade, Glamsterdam, also hit a delay last week when the Ethereum Foundation said its Hoodi testnet fork would not proceed until outstanding issues are resolved.
The next test comes at 8:30 a.m. Eastern, when the October US inflation report is published. A hot reading would strengthen the case for a December Federal Reserve rate rise — traders price the odds at roughly 77%–84% — and weigh further on crypto. A soft one could yet stay the Fed’s hand, and give ether its first reason to bounce in weeks.
Sources: crypto.news, “Ethereum price falls despite BitMine buying another 9,587 ETH” (10 Nov 2026); Finnhub ETH market data (10 Nov 2026); TradersUnion, “Ethereum moves sideways” (10 Nov 2026); CoinGabbar, “Crypto ETF News Today” (10 Nov 2026). Prices are indicative market data, not investment advice.
