Ether drops to $2,059 as spot ETF outflows reach $551 million in November

Ether at lowest level since August

Ether traded at $2,059 on the morning of 12 November 2026, the lowest price since 19 August, according to Invezz. The outlet reported a fourth day of selling in spot Ethereum exchange-traded funds, which it links to the drop.

Invezz also wrote that Ethereum is close to forming a death cross, a pattern in which a short-term moving average falls below a long-term one; it said the pattern may point to further declines in the near term.

ETF withdrawals every day but one

Spot Ethereum ETF outflows stand at $551 million so far in November, according to Invezz. The only day with inflows this month was 4 November, when $53 million was added.

The November withdrawals follow $1.6 billion in outflows in October, Invezz reported. It said BlackRock's ETHA accounted for most of the money leaving, ahead of Fidelity's FETH and Invesco's QETH. The funds together hold more than $11.6 billion in assets, according to the outlet.

Invezz tied the selling to sentiment: the Crypto Fear and Greed Index stood at 26, in the fear zone, down from a year-to-date high of 81 reached in September. The outlet said Ethereum and other coins have historically underperformed when the index sits in that zone, and outperformed when it does not.

The article states that fear increased after the midterm elections in the United States the previous week; its excerpt ends there, without elaborating on the election result or its effect on prices.