Ethereum Latest Updates: Institutions Broaden Portfolios as Ethereum Drops to 36th
- Ethereum's market cap fell below $400B on Nov 5, ranking 36th globally as liquidations and ETF outflows accelerated. - Over $1.1B in crypto liquidations hit Ethereum and Bitcoin , with ETF outflows exceeding $500M as institutions diversify holdings. - Macroeconomic pressures and regulatory uncertainty worsened the selloff, pushing Bitcoin near $100K and altcoins into steep declines. - Analysts warn of further $6B liquidations if Bitcoin breaks $106K, with Ethereum facing potential $1,700 drop by mid-2026
On November 5, Ethereum’s total market value dropped below $400 billion, representing a notable setback for the world’s second-largest digital currency and moving it down to 36th place among major global assets, according to
The value of
The sell-off has intensified due to significant withdrawals from both Bitcoin and Ethereum ETFs. Last week, U.S. spot Bitcoin ETFs saw $1.15 billion in redemptions, with BlackRock’s IBIT alone accounting for $186.51 million in outflows on November 3, according to
Experts attribute the downturn to broader economic pressures and unclear regulations. The Federal Reserve’s recent message that further rate cuts are not assured has boosted the U.S. dollar and reduced demand for cryptocurrencies, as noted by
Institutional decisions are adding to the downward pressure on Ethereum’s market value.
Technical signals also point to continued weakness. Open interest in Ethereum futures has dropped to $44.72 billion from a high of $63 billion in October, and the OI-weighted funding rate remains close to oversold territory, according to
The downturn has led to bleak forecasts from market watchers. Crypto analyst Ali Martinez warns that Ethereum could fall as low as $1,700 by mid-2026 if it fails to recover crucial support, as covered by
The overall crypto market is now at a pivotal point. With more than $1.37 billion in liquidations in the last 24 hours and ongoing ETF outflows, the outlook for a rebound remains unclear, as highlighted by Crypto.News. For Ethereum, the main challenge will be to attract buyers again in an environment increasingly shaped by regulatory challenges and macroeconomic pressures.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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