Ether Closes Below Its 200-Day Average for the First Time Since August as ETFs Lose $365 Million in a Week

Ether traded at $2,122.91 at 18:07 UTC on Nov. 9, down 4.7% in 24 hours, according to CoinGecko price data . That price sits $32.07 below the 200-day moving average at $2,154.98, and it is the second straight session below that line on Binance ETH/USDT data. The previous closes below it came on Aug. 15 to Aug. 18, when ether was trading near $1,900. The gap is small enough to look like noise. The rest of the ledger is not. Spot ether funds lost $365.2 million in the five sessions to Nov. 6, according to Farside Investors .