Ethereum Price Falls 7.9 Percent to $2,237 After Seven Days of ETF Outflows

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Analysis: Ether lost 7.9 percent in 24 hours to around $2,237 and fell harder than Bitcoin after a chip sell-off on the Nasdaq wiped out leveraged positions. The role of ETF outflows, the levels that matter now and what investors in Germany should consider on tax and buying.Ether fell harder than Bitcoin on November 5.Add as a preferred source on GoogleFollow on Google NewsEthereum lost 7.9 percent in 24 hours and traded at $2,236.81 according to CoinGecko shortly before 1 a.m. German time on Friday. Bitcoin gave up 5.7 percent over the same period. The trigger was a sell-off in chip and AI stocks on Wall Street, which forced leveraged long positions in the crypto market to close one after another. Ether has thus dropped to its lowest daily level since mid-August. What is documented: the price slide, the slump on the Nasdaq, the liquidations and the outflows from US spot Ether ETFs, each with a source below. Our own assessment follows further down in a separate paragraph and is ...