Why is Ethereum price down today, November 9? 

Ethereum price has fallen more than 4% over the past 24 hours as leveraged traders faced heavy liquidations and continued institutional fund withdrawals added pressure to an already weak cryptocurrency market. Summary Ethereum price fell more than 4% as leveraged long liquidations intensified selling across cryptocurrency derivatives markets. Ethereum traders faced $462 million in liquidations, with long positions accounting for most losses. U.S. spot Ethereum ETFs recorded $365.2 million in withdrawals during the November 2–6 trading week. Lookonchain reported liquidation of a 56,667 ETH long position after the trader previously reduced exposure. Ethereum price faces resistance near $2,200 as analysts monitor potential support around the $2,100 price level. According to crypto.news price data, Ethereum traded near $2,146 on November 9, after moving between $2,108 and $2,243 during the previous day. The cryptocurrency briefly fell below $2,100 during Sunday’s sell-off before recovering some of its losses, although it remained below the $2,200 level that had previously supported prices. The decline followed another difficult week for cryptocurrency markets, with Bitcoin struggling b...