Key Takeaways
- • Ethereum fell 1.09% to USD 2,102.06 on Tuesday, November 10, 2026, extending weekly losses to 7.35% as institutional withdrawals continued ahead of US inflation data.
- • US spot Ethereum ETFs recorded USD 184.51 million in net outflows on November 9, following roughly USD 365.2 million in losses the prior trading week, according to SoSoValue.
- • Combined stablecoin and tokenized fund market capitalization on Ethereum fell about 19%, from USD 206.7 billion to USD 168.3 billion between April 18 and November 8, per Token Terminal.
- • The October US Consumer Price Index report, due November 10 at 8:30 a.m. ET, could shape expectations for the Federal Reserve's December rate decision; consensus expects headline inflation up 0.3% month over month and core up 0.2%.
- • Ethereum faces immediate support at USD 2,081 to 2,100 and resistance at USD 2,124, with a break below USD 2,081 pointing toward USD 2,000.
Summary
Ethereum traded near USD 2,102 on Tuesday, November 10, 2026, down 1.09%, while Bitcoin fell 0.28% and the broader cryptocurrency market was roughly flat. The decline extended Ethereum's weekly losses to 7.35% and reflected continued institutional withdrawals ahead of the October US Consumer Price Index release, scheduled for 8:30 a.m. ET that day. Ethereum also underperformed Bitcoin and remained below its seven-day and 30-day moving averages.
US spot Ethereum ETFs recorded USD 184.51 million in net outflows on November 9, according to SoSoValue, after approximately USD 365.2 million in losses in the previous trading week. BlackRock's iShares Ethereum Trust (ETHA) led the withdrawals with USD 119.28 million, followed by Grayscale's Ethereum Mini Trust with USD 24.96 million and Fidelity's FETH with USD 19.07 million. Morgan Stanley's Ethereum ETF partially offset the outflows with USD 1.60 million in inflows. Total trading volume across the funds reached USD 651.11 million, and combined net assets stood at USD 12.07 billion.
Separate data from Token Terminal showed Ethereum's combined stablecoin and tokenized fund market capitalization declined about 19% between April 18 and November 8, falling from USD 206.7 billion to USD 168.3 billion. Stablecoin capitalization dropped from USD 182 billion to USD 153.3 billion, while tokenized funds declined from USD 25.1 billion to USD 15 billion. The period began with the April 18 KelpDAO security breach, which caused losses of approximately USD 292 million after attackers compromised infrastructure supporting the protocol's cross-chain transactions. LayerZero's May incident report said attackers exploited compromised infrastructure and the bridge's single-verifier configuration. KelpDAO's operator, Evercrest Technologies, filed a lawsuit against LayerZero in British Columbia on September 24, alleging failures involving security and disclosure; LayerZero co-founder Bryan Pellegrino rejected the claims. The source notes that the market capitalization changes since the attack do not establish that the incident caused the entire decline.
Macroeconomic uncertainty compounded the pressure. Economists expect headline US inflation to rise 0.3% monthly and core inflation 0.2%, according to Dow Jones consensus estimates. The reading could influence expectations for the Federal Reserve's December interest rate decision, with higher inflation potentially raising expectations of tighter policy and softer figures easing them. Technically, Ethereum has immediate support between USD 2,081 and USD 2,100 and resistance near USD 2,124. A recovery above USD 2,124 could open a move toward USD 2,200, while a decline below USD 2,081 would bring USD 2,000 into focus.
US spot Ethereum ETFs recorded USD 184.51 million in net outflows on November 9, according to SoSoValue, after approximately USD 365.2 million in losses in the previous trading week. BlackRock's iShares Ethereum Trust (ETHA) led the withdrawals with USD 119.28 million, followed by Grayscale's Ethereum Mini Trust with USD 24.96 million and Fidelity's FETH with USD 19.07 million. Morgan Stanley's Ethereum ETF partially offset the outflows with USD 1.60 million in inflows. Total trading volume across the funds reached USD 651.11 million, and combined net assets stood at USD 12.07 billion.
Separate data from Token Terminal showed Ethereum's combined stablecoin and tokenized fund market capitalization declined about 19% between April 18 and November 8, falling from USD 206.7 billion to USD 168.3 billion. Stablecoin capitalization dropped from USD 182 billion to USD 153.3 billion, while tokenized funds declined from USD 25.1 billion to USD 15 billion. The period began with the April 18 KelpDAO security breach, which caused losses of approximately USD 292 million after attackers compromised infrastructure supporting the protocol's cross-chain transactions. LayerZero's May incident report said attackers exploited compromised infrastructure and the bridge's single-verifier configuration. KelpDAO's operator, Evercrest Technologies, filed a lawsuit against LayerZero in British Columbia on September 24, alleging failures involving security and disclosure; LayerZero co-founder Bryan Pellegrino rejected the claims. The source notes that the market capitalization changes since the attack do not establish that the incident caused the entire decline.
Macroeconomic uncertainty compounded the pressure. Economists expect headline US inflation to rise 0.3% monthly and core inflation 0.2%, according to Dow Jones consensus estimates. The reading could influence expectations for the Federal Reserve's December interest rate decision, with higher inflation potentially raising expectations of tighter policy and softer figures easing them. Technically, Ethereum has immediate support between USD 2,081 and USD 2,100 and resistance near USD 2,124. A recovery above USD 2,124 could open a move toward USD 2,200, while a decline below USD 2,081 would bring USD 2,000 into focus.
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