Ethereum Crashes 8% to $2,200 as ETFs Lose $100M: Who's Wrong?
Ethereum's $53 Million Comeback Lasted Exactly One Day — And Now $2,200 Is the Last Line of Defense Co-produced by Daniel Aharonoff and DigitalDan As the chief editor of ethdan.me, I have to admit something: yesterday, I wrote about Wall Street finally buying Ethereum again. After five weeks of boycotting the market, U.S. spot Ethereum ETFs had posted a $53 million inflow day, and exchange reserves had fallen to a 10-year low. The setup looked genuinely promising. It lasted exactly one day. By Friday morning, Ethereum had crashed roughly 8% to around $2,200, giving back every single dollar of its post-midterm bounce. The $53 million comeback? Wiped out — and then some. On November 5, those same ETFs bled $99.9 million, nearly double what they had taken in the day before. More than $210 million in leveraged Ethereum positions were liquidated in 24 hours, and the Crypto Fear & Greed Index plunged from a neutral 50 to a fearful 28 in a single day. So which is it? Was Wednes...
