Ether shed 7% on Nov 5, erasing its post-midterm rally. Does ETH close below $2,200 on Nov 10?

Ether tumbled through the $2,200 level in the week leading into Nov. 10, closing well below the mark as a broader selloff in risk assets deepened. The slide began Nov. 5, when ETH shed about 7% in a single session as an artificial-intelligence-stock selloff spilled into crypto markets, erasing gains from a brief post-midterm-election rally. By Nov. 9, Ether was trading near $2,118 to $2,136, its lowest level since August, according to pricing data compiled by Fortune and CoinGecko. The decline accelerated amid six straight weeks of net outflows from U.S. spot Ether ETFs, totaling more than $365 million in the final week alone, and roughly $449 million in liquidations tied to the asset on Nov. 9. Traders were also bracing for the delayed October Consumer Price Index report, due Nov. 10, with economists expecting the annual inflation rate to tick up to roughly 3.9%, fueling further caution. Ether's drop tracked a wider risk-off mood across equities and digital assets that week, following the Nasdaq's worst single-day loss since April 2025 on Nov. 5. The community's forecast underestimated the move: only 40% of Predict Six voters expected ETH to close below $2,200, but the price action proved them wrong as the token stayed pinned beneath that level through the resolution date.