Ethereum tests $2,000 as hotter-than-expected CPI triggers heavy long liquidations

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Mykhailo Ihnatenko

11.11.2026

Ethereum tests $2,000 as hotter-than-expected CPI triggers heavy long liquidations — Long liquidations pressure Ethereum

Ethereum is testing $2,000 after hotter-than-expected U.S. inflation triggered another wave of leveraged selling. ETF outflows have eased sharply, leaving derivatives pressure as the main short-term risk to stabilization.

ETH price prediction

24H -3.25%

$1,765.69

48H -4.96%

$1,734.49

7D -16.72%

$1,519.94

1M -13.51%

$1,578.5

3M -34.24%

$1,200.09

6M -47.8%

$952.74

12M -33.75%

$1,209.17

Detailed

Current price: $1,825.04 -108.63 5.62%

Real-time Data 16:11

Daily range 1835

1936.49

Weekly range 1895.95

2246.00

The crypto market moved sharply lower on November 10 following the release of the October U.S. CPI report. According to official BLS data, consumer prices rose 0.4% month over month versus expectations of 0.3%, while core inflation came in at 0.3% compared with a 0.2% forecast. The stronger-than-expected figures increased expectations of a Federal Reserve rate hike in December.

The market reaction was accompanied by widespread liquidation of leveraged positions. According to CoinGlass, total liquidations reached $739.34 million, with $584.96 million coming from long positions.

Institutional outflows, however, slowed dramatically. As per SoSoValue, spot Ethereum ETFs recorded just $1.32 million in net outflows on November 10, compared with $184.51 million a day earlier. The sharp difference suggests that derivatives, rather than ETF selling, may have been the main source of short-term pressure. If that pattern persists, it could become an early positive signal for ETH stabilization.

Ethereum price faces a critical $2,000 support test

As noted previously, $2,000 remains the key support level for the next several days.

If buyers can defend this area for a few sessions, the probability of a technical rebound toward the 200-day SMA near $2,150 would increase noticeably.

RSI (14) is close to oversold territory. That creates room for a short-term recovery, although it does not by itself confirm that the broader downtrend is over.

If ETH falls below $2,000 and remains there, another liquidation wave could follow. In that case, the correction may accelerate toward the $1,900–1,800 zone.

Fed tightening expectations keep crypto recovery uncertain

Following the CPI release, investor attention is shifting toward the Federal Reserve’s December meeting. Higher inflation has increased expectations of further monetary tightening, creating a difficult backdrop for higher-risk assets.

At the same time, the sharp slowdown in Ethereum ETF outflows is an encouraging development. If pressure from leveraged positions also begins to ease, the market could have more room to stabilize.

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