Ether Slides Below $1,900, Down 15% on the Week, as ETF Outflows Hit a Sixth Day and the Staking Exit Queue Swells
Ether has fallen further than bitcoin this week, hitting its lowest since mid-August, while US ether funds posted six straight sessions of net withdrawals and the validator exit queue grew sixty-fold.
Saturday, November 14, 2026/2 min read
Bitcoin has had the headlines this week, but ether has had the worse of it. By early Saturday, ether was trading at about $1,889, down roughly 15.2 percent over seven days against about 11.4 percent for bitcoin, according to CoinGecko data reported by TechFlow from The Defiant. Over four weeks the gap is wider still, with ether down about 21 percent and bitcoin about 17 percent.
The price broke through $2,000 on Friday and kept going. CoinDesk said ether touched $1,900 that morning, its weakest level since 18 August, as $289 million of ether positions were liquidated in 24 hours, according to CoinGlass.
Why is ether falling faster than bitcoin?
The macro story is the same for both. The dollar index is at its highest since April 2025, and CME's FedWatch tool showed a December Fed rate rise as all but certain, CoinDesk said. Ether adds two problems of its own: a leveraged crowd that was heavily long, and a fund market that has turned from buyer to seller.
The Coin Republic, citing CoinGlass, said about $259 million of ether futures were liquidated over 24 hours on Friday, with longs making up 91 percent of that. Its chart showed the session opening near $2,017 and touching a low of about $1,894 by the time of writing.
How big are the ether ETF outflows?
US spot ether funds have lost money on six consecutive trading days since 5 November. On Wednesday they shed $144.8 million, of which BlackRock's ETHA accounted for $129.8 million, and outflows across the eight completed sessions of the month reached $695.9 million, CryptoTicker reported, citing Farside Investors. On Thursday the funds lost a further $70.5 million, with ETHA responsible for $62 million, TechFlow said, citing SoSoValue. Friday's figure was still incomplete in the reports we reviewed, and data providers differ on the daily totals, so treat the numbers as approximate.
What is happening to the staking queue?
One on-chain signal has drawn attention. CryptoTicker, using data from validatorqueue, said about 269,951 ETH were waiting to exit staking on Friday, with a wait of five days and 14 hours. On 6 November the queue held only 4,320 ETH. About 36.5 percent of ether's supply is staked, and the entry queue, at about 919,589 ETH and a wait of over 16 days, is still much longer than the exit queue. Stakers are leaving, in other words, but far more are still waiting to get in.
Where does ether go from here?
Traders are watching $1,900 as the immediate support level, with $1,800 the next marker below it and a return above $2,000 as the first sign of recovery. The Fear and Greed Index stood at 20, or extreme fear, on Friday according to CryptoTicker. With the Federal Reserve minutes and Nvidia's results due next week, ether's next move will probably follow the broader market before it follows anything on its own network.
Published in The Outspoken Digest
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