Ethereum Loses $2,000 as Selling Pressure Intensifies

By Kevin · 2026-11-13 · News

Nov. 13 (CandyPulse) — Ethereum has slipped under a level it had held for months. Ether dipped below $2,000 during Thursday's sell-off, its first break of that mark since August, as leveraged bets were wiped out and money kept leaving ether funds.

Key takeaways

Ether fell below $2,000, with reported lows between about $1,984 and $1,996
It bounced back toward $2,040–$2,050 at one point but still ended the day down about 3.8%
About $250–$259 million of ETH positions were liquidated
Spot ether ETFs lost about $144.8 million on Nov. 11 and roughly $695.9 million so far in November
Analysts see $2,000 as the key level, with $1,800–$1,970 the next zone below

The move in numbers

Item	Reading
Level broken	$2,000 (first time since August)
Reported low	About $1,984–$1,996
Rebound	Toward $2,040–$2,050
Daily move	About −3.8%
ETH liquidations	About $250–$259 million
Spot ether ETF flows, Nov. 11	About −$144.8 million
Spot ether ETF flows, November to date	About −$695.9 million

Reports differ on the exact low and timing. One outlet put the fall deeper, near $1,922, on Friday.

Why $2,000 matters

Round numbers are where many traders place their stop-loss orders. When the price reaches one, a lot of automatic selling can trigger at once. That's part of why the drop through $2,000 was sharp, and why the quick bounce back above it mattered just as much.

What's driving it

ETF outflows. November has had only one day of inflows into spot ether ETFs. The rest have been money leaving.
Leverage. About a quarter of a billion dollars of ETH bets were closed by force.
Macro and tech. Reports cite a hot U.S. inflation reading, which lifted expectations of another Fed rate hike, and worries about tech stocks after Nvidia's CEO stepped down.
The wider slide. Bitcoin broke below $70,000 and Solana fell below $80 in the same move.

The other side of the story

One report notes that the amount of ether locked in staking is at a record. That means many long-term holders are not selling; they're earning yield and sitting tight. The pressure is coming mainly from funds and leveraged traders, not from the network's core users.

What could happen next

Scenarios, not predictions:

Holding above $2,000 would suggest the forced selling is fading.
A clean break below would bring the $1,800–$1,970 zone into view.
ETF flows turning positive would be the clearest sign that buyers are back.

If terms like "liquidation" or "support" are new, our crypto glossary explains them in plain English.

What's next

Watch whether ether can stay above $2,000, the next ether ETF flow numbers, and Nvidia's earnings call on Nov. 17. Follow our Ethereum coverage for updates.

More from today:

Track the market on our Bitcoin price today and crypto prices today pages, follow the Crypto News Today desk, and catch up every Sunday with CANDY Weekly.

Disclaimer: This article is for information only and is not financial advice. Market figures move quickly and different data providers can show slightly different numbers. Always do your own research before making any investment decision.