ETHUSD News Today, Nov 5: Institutional Retreat Amplifies Ethereum’s Price Decline

Ethereum has been facing a notable downturn, with prices falling sharply as institutional attention wavers. As of today, ETHUSD is priced at $3286.21, reflecting an 8.79% drop. The dip is largely attributed to significant outflows from Ethereum-based ETFs and a declining interest in the Ethereum futures market. This trend is creating selling pressure, raising concerns among investors about further declines in prices. In this volatile environment, understanding the current forces at play is crucial for informed decision-making.