Wednesday 4 Nov: $2,425.00 (+6.47%)
Thursday 5 Nov: $2,236.83 (-7.76%)
Friday 6 Nov: $2,238.94 (+0.09%)
Saturday 7 Nov: $2,239.78 (+0.04%)
Sunday 8 Nov: $2,126.39 (-5.06%)
Monday 9 Nov: $2,134.26 (+0.37%)
Tuesday 10 Nov: $2,052.65 (-3.82%)
ETF flows
What it means
ETH closed at about $2,052.65 on 10 November, down about 9.9% from about $2,277.55 on 3 November.
ETH hit $2,425 on 4 November, then lost 7.76% on 5 November in the AI stock sell-off. That was the worst day of the window.
ETH closed below its 200-day average on 8 November and dropped close to $2,000 after hot CPI data on 10 November.
US spot ETH ETFs lost about $326M in the window. That makes six straight weeks of outflows.
Glamsterdam is on hold with no Hoodi date. BitMine added 9,587 ETH and now holds about 4.97% of the supply.

Ether lost almost 10% in a week. Bitcoin lost 5%.
ETH closed at about $2,277.55 on 3 November and ended 10 November at about $2,052.65, down about 9.9%. It jumped 6.47% to $2,425 on 4 November, the day after the US midterm elections. Then the AI and chip stock sell-off hit, and ETH dropped 7.76% the next day, its worst day of the window. Another 5% fall on 8 November pushed it under its 200-day average. Hot CPI data on 10 November took it close to $2,000. US spot ETH ETFs lost about $326M. On 6 November, the Ethereum Foundation put Glamsterdam on hold until gas-pricing risks are fixed. BitMine kept buying, adding 9,587 ETH. It now holds about 4.97% of all ETH.
Prices are UTC day closes from Coinranking. The 9 and 10 November closes come from Coinranking’s hourly data at midnight UTC.
Best day of the window. Crypto rallied the day after the US midterm elections, and BTC broke above $80,000.
ETFs: +$53.02M, ending a run of outflows. That includes ETHA +$32.75M, FETH +$19.24M and ETHB -$22.38M (SoSoValue via KuCoin).
Worst day of the window. Investors dumped AI and chip stocks, and the Nasdaq 100 had its worst session since March 2020. ETH fell HARDER than BTC (CoinDesk). Crypto liquidations topped $1B in 24 hours.
ETFs: -$99.97M (ETHA -$75.20M, ETHB -$21.99M, FETH -$2.24M, ETHE -$0.54M).
Glamsterdam got stopped. The Ethereum Foundation said the upgrade will not go to the Hoodi testnet until the problems found in testing are fixed. Why? Two gas-cost changes, EIP-8037 and EIP-8038, could leave some existing smart contracts open to attack. Developers published eight gas assumptions that contracts rely on, and ChainSecurity and Dedaub are now reviewing them. No new date. The live network is not affected (CryptoTicker).
The October jobs report also came in hot: 165,000 new jobs against 59,000 expected. That pushed up bets on a December Fed rate hike.
ETFs: -$93.19M (ETHA -$90.76M, Grayscale ETH -$1.91M, FETH -$1.67M, ETHB +$1.15M).
Quiet. By Saturday evening ETH’s 24-hour range was about $2,218 to $2,249 (CryptoTicker).
No ETF flows over the weekend.
ETH fell 5.06% and closed BELOW its 200-day average of about $2,156 (CryptoTicker).
BitMine bought 9,587 ETH in the past week. It now holds 6,070,092 ETH, about 4.97% of the supply. 5,227,037 ETH is staked, and it has $475M in cash and securities plus 216 BTC (company release via CoinGape). Tom Lee expects about $359M a year in staking income once all of it is staked.
About $462M of crypto positions were liquidated, about $425M of them longs (CoinGlass via crypto.news).
ETFs: -$184.51M, third straight day of outflows. ETHA -$119.3M, Grayscale ETH -$25M, ETHB -$20.8M, FETH -$19.1M, TETH -$2M, MSSE +$1.6M (SoSoValue; fund split from Farside via NewsBTC).
October CPI rose 0.4% against 0.3% expected. Core rose 0.3% against 0.2%. ETH fell 3.7% to $2,042 that afternoon (The Block), and its lowest hourly close was about $2,018 (Coinranking). ETH liquidations came to just under $240M (CoinGlass via Bitcoin.com News).
A wallet linked to the Ethereum Foundation sold 1,000 ETH, about $2.13M. Nobody knows for sure who controls it (Lookonchain via crypto.news).
ETFs: -$1.32M, fourth straight day of outflows (Grayscale ETH -$1.96M, TETH -$0.41M, ETHB +$1.05M) (TokenPost).
4 to 10 November: about -$326M. The week of 2 to 6 November lost about $365M, the SIXTH straight week of outflows (SoSoValue via KuCoin). Cumulative net inflows are down to about $11.74B. Net assets are about $11.64B, or 4.63% of ETH’s market cap (TokenPost, 10 Nov).
ETH fell about TWICE as much as BTC this week, -9.9% against -5.0%. It lost the 200-day average. And the Glamsterdam delay took away the one near-term upgrade story ETH had. ETF selling almost stopped on 10 November, but nobody is buying either.
Support is $2,000, then about $1,800 (The Block). Resistance is about $2,156, the 200-day average, then $2,200, then about $2,332, the 20-day average (CryptoTicker, crypto.news).
Next up: the Glamsterdam security reviews and any new Hoodi date, the Fed minutes on 18 November, PCE inflation on 25 November and the Fed decision on 9 December. Until ETH wins back $2,156, every bounce is a chance for sellers to get out, and $2,000 is the line that matters.
Data and sources: Prices from Coinranking; ETF flows from SoSoValue via KuCoin and TokenPost, and Farside via NewsBTC; BitMine from its release via CoinGape; treasuries from BitcoinTreasuries.net; Glamsterdam from the Ethereum Foundation via CryptoTicker; market news from CoinDesk, The Block, crypto.news, and Bitcoin.com News; liquidations from CoinGlass; on-chain data from Lookonchain.
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