Ethereum price prediction: Can $2,000 support hold ahead of U.S. CPI?
Ethereum remains under pressure as ETF outflows persist and buyers struggle to build a sustainable recovery. With U.S. CPI due today, holding $2,000 is becoming increasingly important for the short-term outlook.
U.S. spot Ethereum ETFs recorded $184.51 million in net outflows on November 9, extending the withdrawal streak to a third consecutive trading session, as per SoSoValue.
U.S. inflation report adds another layer of uncertainty. According to the official BLS calendar, the October CPI will be released on November 10 at 8:30 a.m. ET. The data could significantly reshape expectations for Federal Reserve policy and trigger sharp moves across the crypto market.

Holding $2,000 remains critical as bearish pressure persists
ETH continues to trade around $2,100. As noted previously, psychological support at $2,000 remains the key level.
A break below this mark could trigger another wave of liquidations. In that case, the decline may accelerate toward the $1,900–1,800 zone.
If $2,000 holds, however, the price could begin to build a rebound. ETH would first need to reclaim the 200-day SMA near $2,150. A sustained move above it would bring resistance at $2,200 into focus.
Short-term traders should watch today’s macroeconomic release closely, as sharp price swings are likely around the data.
Missing annual CPI data adds uncertainty to inflation report
Today’s CPI release will be unusual. The report will not include the standard year-over-year inflation readings because comparable data for October 2025 are unavailable after the government shutdown disrupted data collection.
Any meaningful surprise in the available inflation figures could alter expectations for the Federal Reserve’s rate path and trigger another burst of volatility. For Ethereum, that adds further risk while the price remains close to psychological support at $2,000.