Nvidia uncertainty and ETF outflows deepen market weakness for Ethereum

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Ethereum falls on ETF outflows and tech-driven risk channel

Highlights

ETH faced pressure from institutional ETF outflows, $250 million in long liquidations, and risk tied to Nvidia.
Diminished ETF demand and uncertainty in the tech sector have lowered institutional flows and market liquidity for ETH.
ETH trades below key moving averages and remains weak, with resistance at $1,998 and no technical recovery signals.

ETF outflows and Nvidia risk drive Ethereum decline

According to Crypto, on November 13, 2026, Ethereum was pressured by continued institutional ETF outflows, market risk associated with Nvidia, and approximately $250 million in ETH long liquidations.

These factors combined to reduce institutional demand for ETH and contributed to lower market liquidity. ETF outflows remove a key channel for large-scale investment, while tech sector uncertainty linked to Nvidia undermines broader risk sentiment across digital assets.

The steep ETH long liquidations on that date further amplified price pressure as leveraged positions unwound. While the market remains sensitive to macro and institutional flows, these effects could stabilize if risk sentiment improves or ETF redemptions subside.

Macro pressure keeps ETH below key 4H moving averages

On the 4H chart, ETH remains below its primary 50- and 200-period SMAs, signaling ongoing weakness after the recent macro-driven decline. The price is also trading under the H4 Kijun resistance, with momentum supported by negative MACD and a strong ADX sell indication.

Short-term trend momentum is lacking as ETH has not reclaimed major moving averages on intermediate or daily timeframes, and buying interest has been insufficient to shift momentum. No Kijun or MA crossovers have occurred, so the technical picture remains aligned with the latest selloff.

Institutional flows and risk events shape next ETH move

Further recovery will depend on improvements in risk sentiment and stabilization of ETF flows, with a technical focus on the H4 Kijun level around $1,998 as immediate resistance. A sustained break above this level could signal reduced downside risk. Until these conditions change, ETH may remain vulnerable to renewed pressure from institutional and macro drivers.

Anton Kharitonov, expert at Traders Union, sees Ethereum under notable stress from institutional ETF outflows and macro risk tied to Nvidia. He finds that lacking demand and fresh long liquidations have weighed heavily on sentiment and market structure. Technicals confirm weakness, with ETH staying below key SMAs and failing to reclaim resistance levels. "Unless outflows reverse or tech risk eases, I do not expect a sustainable recovery in ETH — for now, caution is warranted."

Previously it was reported that Ethereum faced persistent downside pressure amid significant ETF outflows and technical weaknesses. The latest developments reinforce this bearish view, with continued institutional selling and macro risk tied to the tech sector, making improvements in risk sentiment and ETF flow stabilization the key factors to monitor for any potential recovery.

Source of Data: ETH Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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