Citing AICryptoCore, Ethereum fell below $2,800 on November 21, 2025, driven by strong US jobs data that impacted rate cut expectations and triggered market-wide sell-offs. The price decline led to significant liquidations and ETF outflows, affecting ETH and other cryptocurrencies like Bitcoin. Derive.xyz CEO Forster noted that stricter institutional risk limits caused unwinding of leveraged positions in BTC and ETH, contributing to severe market volatility. Long liquidations totaled $340.6 million, reflecting investor unease and potential longer-term shifts in crypto valuations.
Ethereum Drops Below $2,800 Amid Strong US Jobs Data and ETF Outflows
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