Ethereum Price Falls Below $2,000 as Bitcoin Drops Under…
By Tobi Opeyemi Amure
AI summary of the source article
Ethereum dropped below $2,000 for the first time since August as broad crypto market liquidations reached $1.65 billion over 24 hours. The drop coincided with sustained US spot Ethereum ETF outflows and rising dollar strength.
Why it matters
With 90% of $287.68 million in ETH liquidations falling on longs, the break below $2,000 was a forced unwind of leveraged bets more than a spot exit.
Key facts
- Ethereum fell to $1,934.90, down 5.56% over 24 hours, while Bitcoin declined to $68,705.
- CoinGlass recorded $1.65 billion in crypto derivatives liquidations over 24 hours, with 88.9% coming from long positions.
- US spot Ethereum ETFs saw November net outflows reach $703.99 million through November 12 across a six-session outflow streak.
Source excerpt · FinanceFeeds
The Ethereum price fell to $1,934.90 at 08:09 GMT on Friday, down 5.56% over 24 hours, according to TradingView . Ethereum traded below $2,000 for the first time since August, and Bitcoin slid to $68,705, a day after it held below $74,000 through a fifth straight session of ETF redemptions . Forced selling pushed the Ethereum price through $2,000, as CoinGlass counted $1.65 billion in crypto deriv…