Ethereum price falls below $2,000, is a deeper crash coming?

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Ethereum price has fallen below $2,000, losing nearly 6% in 24 hours as cryptocurrency markets face heavy selling, continued ETF withdrawals and fresh concerns over technology stocks.

• Ethereum price fell below $2,000 as Bitcoin losses and widespread cryptocurrency selling pressured major assets.

• Ethereum liquidations approached $250 million, with leveraged long positions accounting for most forced closures reported.

• US spot Ethereum ETFs recorded $144.8 million in withdrawals, led by BlackRock’s ETHA investment fund.

• Ethereum developers postponed Glamsterdam testing while reviewing potential compatibility issues involving existing smart contracts and applications.

• Analysts identified support near $1,920 and $1,833, while technical indicators continued showing weak buying momentum.

According to crypto.news market data, Ethereum (ETH) traded near $1,935 on Friday, November 13, while Bitcoin fell below $70,000. The broader crypto market declined by approximately 5.4%, leaving ETH under pressure alongside other major cryptocurrencies.

The selloff followed Nvidia CEO Jensen Huang’s resignation, which unsettled technology stocks, while investors continued withdrawing funds from US spot Ethereum ETFs. Meanwhile, leveraged ETH positions suffered nearly $250 million in liquidations.

Why is Ethereum price falling today?

Ethereum’s decline gathered pace as selling spread across cryptocurrencies and technology-related investments. Bitcoin dropped approximately 6.7% over 24 hours, while Ether lost the $2,000 level after several unsuccessful attempts to recover.

The market weakness followed the departure of Nvidia CEO Jensen Huang, which prompted investors to reassess technology stocks connected to artificial intelligence.

Following Huang’s resignation, Nvidia shares came under pressure alongside AI infrastructure companies, including CoreWeave, Nebius and Iren. Their share prices recorded substantial intraday losses before recovering some ground.

The cryptocurrency market declined during the same period, although the stock market weakness alone does not establish what triggered Ethereum’s selloff.

The latest decline comes after Ethereum had already weakened amid inflation concerns and expectations surrounding Federal Reserve interest rates.

Selling pressure has continued across major digital assets, with Bitcoin falling below $70,000 and XRP moving closer to $1.

Ethereum liquidations reach nearly $250M as ETF withdrawals continue

Leveraged traders suffered heavy losses as Ethereum fell through the $2,000 support level.

Data from CoinGlass showed approximately $249.8 million in Ethereum positions liquidated over 24 hours. Long positions accounted for $225.9 million, representing more than 90% of the total, while short liquidations reached $23.9 million.

Liquidations occur when exchanges automatically close leveraged trades after losses reduce the funds supporting those positions. During falling markets, these forced closures can contribute to further selling.

Meanwhile, US spot Ethereum ETFs recorded $144.8 million in net withdrawals on November 11, according to Farside Investors.

BlackRock’s ETHA accounted for approximately $129.8 million of those outflows, while several smaller funds recorded additional withdrawals.

The withdrawals followed a period of sustained weakness in institutional demand. As crypto.news previously reported, spot Ethereum ETFs had lost approximately $695.9 million from the beginning of November through November 11.

Ethereum Glamsterdam upgrade faces further review

Ethereum developers have meanwhile postponed the planned Glamsterdam activation on the Hoodi testnet after identifying potential problems involving existing smart contracts.

In a November 6 update, the Ethereum Foundation explained that proposed changes under EIP-8037 and EIP-8038 could affect applications that rely on existing gas-cost assumptions.

The changes concern how Ethereum charges for certain operations, including those that access or create blockchain state.

Auditors identified contracts that could behave differently after the upgrade, prompting developers to review the proposals before proceeding.

The Foundation confirmed that the Hoodi testnet upgrade would remain postponed while the issues were examined. Developers scheduled further discussions for November 19, when they expect to review audit findings and possible changes.

The Glamsterdam testing delay concerns the Hoodi network, and developers have not announced a revised mainnet activation date.

Ethereum price prediction as analysts identify lower support

Ethereum’s daily chart shows ETH trading near $1,925 after touching $1,917. The cryptocurrency continues forming lower highs and lower lows, with sellers maintaining control below $2,000.

Crypto analyst More Crypto Online said ETH had reached Fibonacci support at $1,920 but had not shown evidence of a confirmed bottom.

“ETH is still in a sharp decline, and there is no signal for a low yet,” the analyst wrote on X.

The analyst identified $1,832 as the next Fibonacci support level if Ethereum moves below $1,920.

Meanwhile, analyst CrediBULL Crypto said the latest pullback had weakened his previous bullish wave interpretation. He now expects another decline toward the lower end of Ethereum’s trading range before a possible recovery.

At this point the pullback on $ETH is deep enough that it invalidates the final missing 5th subwave I was looking for to confirm the move off the lows as impulsive. Which means it was a corrective (3 legged) move up, we are still in the larger base building process, and HTF… pic.twitter.com/I2ug8UG9Ta — CrediBULL Crypto (@CredibleCrypto) November 13, 2026

His longer-term wave analysis identifies $1,380 as an important invalidation level, although he did not predict an immediate decline to that price.

Technical indicators continue pointing to weakness. Ethereum’s daily Relative Strength Index stood at 24.09, below the oversold threshold of 30, while the MACD remained negative.

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Ethereum price chart, source: crypto.news

Immediate support lies near $1,900, followed by $1,850 and $1,750. A recovery above $2,000 could bring $2,020 and $2,100 into focus, although Ethereum would need sustained buying to reverse its current downward trend.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.