Kalshi traders project a November low of $1,760 for Ether after it slipped below $1,900 in a broader crypto selloff. Inflation data, forced closures and a stronger dollar weighed on prices, while spot Ether ETFs posted an inflow.
Ethereum price hovered at $1,898 on Saturday after falling below $1,900. Kalshi traders projected a November low of $1,760 as investors weighed fresh inflation data and mounting liquidations.
Kalshi forecast sits 7.5% below Ether's price
The estimate was $143.30, or about 7.5%, below Ether's Saturday price, with just over two weeks left this month. Meanwhile, Bitmine Immersion Technologies faced more than $8.6 billion in estimated unrealized losses on its Ether holdings, putting its Ether treasury 43.11% below purchase cost.
Rate fears and liquidations add pressure
Recent inflation readings raised expectations that the Federal Reserve could keep rates elevated or tighten policy further. A stronger dollar added pressure on cryptocurrencies and other assets sensitive to changes in interest rates.
Exchanges liquidated $240 million in crypto positions during a 20-minute stretch of the selloff. Over 24 hours, forced closures affected 126,493 traders and amounted to $672.39 million, and Binance recorded the largest single liquidation, a $17.81 million order involving Ether.
Traders will look to the Fed's December 8 and 9 policy meeting for clues about borrowing costs.
Ether ETFs draw $2.36 million as Bitcoin funds see outflows
SoSoValue data showed U.S. spot Ether ETFs drew $2.36 million in net inflows on November 13. However, the funds posted a combined $398.9 million in net withdrawals over the previous five sessions.
Spot Bitcoin ETFs, by contrast, recorded $185 million in net outflows that day, their seventh consecutive session of withdrawals.
Technical picture stays bearish near $1,800 support
On the four-hour chart, Ether remained inside a descending price channel and below its seven-day and 30-day moving averages. The relative strength index stood at 29.84, just below the conventional oversold threshold of 30.
A four-hour close below $1,900 would leave $1,800 as the next support. Kalshi's projected November low of $1,760 sits $40 below that level.
Source: CoinGape
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