Key Insights
- Ethereum price fell below $2,000 as selling pressure intensified.
- Ethereum ETFs recorded six consecutive outflow sessions, totaling approximately $531.9 million.
- Foundation-linked selling contrasted with a whale’s $19.91 million ETH purchase.
Ethereum price fell below $2,000 on Nov. 13 as exchange-traded fund withdrawals coincided with another broad cryptocurrency selloff. TradingView data showed ETH trading near $1,933, down 4.17% on the displayed daily candle. The decline followed several sessions of institutional fund redemptions and renewed attention to large wallet transactions.
The retreat placed a previously defended price area under pressure. Investors now face conflicting signals: shrinking demand through U.S. exchange-traded products and purchases by selected large holders. Neither trend alone establishes where the market will stabilize.
Ethereum Price Breaks $2,000 as Fund Outflows Continue
The supplied TradingView chart showed ETH opening at $2,016.90 before reaching an intraday low of $1,894.20. Its displayed high stood at $2,017.50, leaving little evidence of sustained buying above the opening level. The quoted candle remained unfinished when the chart was captured.
Farside Investors recorded daily net withdrawals from U.S. Ethereum ETFs beginning Nov. 5. The five completed sessions through Nov. 11 produced approximately $523.9 million in combined outflows. The provider also displayed a provisional $8 million withdrawal for Nov. 12, bringing the running total near $531.9 million.
However, Farside had not populated every issuer’s Nov. 12 entry at the time checked. That distinction matters because the six-session figure could rise or fall after reporting finishes. Fund flows measure creations and redemptions, rather than every institution’s direct holdings or trading intentions.
Farside’s breakdown showed BlackRock’s ETHA losing $129.8 million on Nov. 11 alone. Persistent withdrawals reduced one channel of demand while ETH traded near an important chart boundary.
Ethereum Price Tests Support as Downtrend Extends
The TradingView daily Ethereum price chart showed resistance at several descending trendlines that formed after September’s local peak. Subsequent rebounds repeatedly failed to reclaim earlier highs, keeping the broader technical structure pointed downward. The latest candle then slipped beneath the $2,000 psychological threshold.
The chart placed immediate attention around $1,900, close to its displayed session low. Losing that area on a daily closing basis would leave the next visible price region around $1,800. These levels represent chart reference points, not predetermined outcomes.
On any recovery, traders could first watch a return above $2,000. A stronger rebound would have to challenge the descending resistance zone around $2,200 to $2,300. Until then, a brief bounce would not reverse the sequence of lower highs.
CoinGlass also showed pressure in leveraged trading. Its Ethereum futures dashboard reported approximately $259.3 million in rolling 24-hour liquidations. Long positions accounted for 91% of that total. Such figures fluctuate continually and should not be read as fixed daily settlement totals.
Liquidations can accelerate a move when exchanges close positions that no longer meet collateral requirements. Still, futures closures do not establish the original trigger behind spot-market selling. The available evidence supports several simultaneous pressures rather than one confirmed cause.
Ethereum Foundation Sales Contrast With Whale Accumulation
On-chain monitors tracked a wallet linked to the Ethereum Foundation selling an additional 2,000 ETH via CoW Protocol. The transaction’s reported value approached $3.87 million, although wallet attribution requires care. A linked address does not automatically establish who authorized each transaction.
The Foundation’s published treasury policy offers relevant context. Its June 2025 document targeted an operating reserve covering 2.5 years of expenses. It also stated that reserve requirements help determine the size and timing of ETH sales.
That framework makes routine treasury conversions plausible. However, it does not prove this transaction followed a specific internal decision. The observed sale also cannot establish that Foundation activity caused the broader decline. Its value was small relative to daily market turnover.
Meanwhile, Lookonchain identified another investor moving in the opposite direction. The researcher reported that wallet 0x4cee acquired 10,380 ETH, worth approximately $19.91 million. That purchase lifted its holdings to 25,498 ETH, despite an estimated $11.3 million unrealized loss.
The address’s average entry price stood at $2,382, above prevailing market prices. Its willingness to accumulate shows that some large holders were buying into weakness. One wallet’s activity, however, cannot offset aggregate fund redemptions or confirm a market bottom.
The next test lies around $1,900 and the daily close below or above that zone. Investors can also examine Farside’s completed Nov. 12 fund data for confirmation of the reported outflow streak. A sustained recovery above $2,000 would provide the first clearer sign of stabilization.
This article provides market information, not investment advice. Cryptocurrency prices and leveraged positions carry substantial loss risk.
