Last Updated: November 7, 2026
Quick Answer: Ethereum traded near $2,232 at about 17:20 UTC on Saturday, November 7, flat over 24 hours and down 0.80% over seven days, according to CoinMarketCap. The main news is a delay to the Glamsterdam upgrade after auditors found that two gas changes could break some smart contracts.
US spot Ether ETFs lost about $93.2 million on Friday and $365.3 million over the week, their sixth straight weekly outflow, according to SoSoValue data and The Block. The Crypto Fear and Greed Index fell to 25, Extreme Fear, its first reading in that band since August 6.
Key Takeaways
- ETH trades near $2,232, flat over 24 hours, down 0.80% over seven days and 7.78% over 30 days, according to CoinMarketCap. Market capitalization is about $272.8 billion and 24-hour volume about $4.73 billion. It closed Friday at about $2,235, nearly unchanged, after a range of $2,208 to $2,250.
- Ethereum developers delayed the Glamsterdam hard fork process on Friday. The Hoodi testnet will not fork until the issues are fixed, after auditor ChainSecurity found that EIP-8037 and EIP-8038 break gas assumptions some contracts rely on, the Ethereum Foundation said. No new dates were given.
- US spot Ether ETFs had net outflows of about $93.2 million on November 6, led by BlackRock’s ETHA at about $90.8 million, according to SoSoValue. They lost $365.3 million over the week and are down about $405.6 million for 2026, The Block reported.
- ETH held steady while Bitcoin slipped to its lowest price since August 21, and the ETH/BTC ratio edged up to about 0.0295, based on CoinMarketCap prices. A strong US jobs report raised the odds of a December Fed rate hike to about 77%, CoinDesk reported.
- Aave Labs bought Avon, a team building fixed-rate lending markets, to add fixed-rate loans to Aave. Elliptic expects the Binance attackers to keep swapping stolen ether for Bitcoin in small transactions.
- Sentiment is in Extreme Fear. The Crypto Fear and Greed Index from alternative.me reads 25 on November 7, down from 28 a day earlier.
Ethereum (ETH) Market Overview
| Metric | Value |
|---|---|
| ETH Price Today | ~$2,232 |
| 24h Change | 0.00% |
| 7d Change | -0.80% |
| 30d Change | -7.78% |
| Year-to-Date Change | -25.60% |
| Market Cap | ~$272.8 billion |
| 24h Volume | ~$4.73 billion |
| Circulating Supply | ~122.20 million ETH |
| Max Supply | No fixed cap |
Data sourced from CoinMarketCap at about 17:20 UTC on November 7, 2026, including the November 6 daily open, high, low and close, the year-to-date change and moving averages from daily closes through November 6.
Ethereum News Today: Price Analysis
Ether steadied after Thursday’s drop. It opened Friday, November 6, at about $2,234 on CoinMarketCap, traded between $2,208 and $2,250 and closed at about $2,235, nearly flat. On Saturday it held in a tighter range of about $2,231 to $2,247 through 17:20 UTC.
At about $2,232, ETH sits about 2.7% above its 30-day low of $2,173, set on October 30, the day after the Binance hack, and 54.9% below its all-time high of $4,954 from August 24, 2025. It trades below its 20-day and 50-day averages, near $2,332 and $2,499, but above its 200-day average near $2,156, on CoinMarketCap daily closes.
ETH held up better than Bitcoin, which slipped to its lowest price since August 21 on Friday. The ETH/BTC ratio stood near 0.0295 on Saturday, up from about 0.0294 on Friday morning, based on CoinMarketCap prices. Ether’s share of the total crypto market is about 10.75%. Our Ethereum price page tracks the live quote.
A strong US jobs report set the tone on Friday. Employers added 165,000 jobs in October, far above the roughly 65,000 expected, and the odds of a December Fed rate hike rose to about 77%, CoinDesk reported. The Nasdaq rose 1.1% after Thursday’s crash, but crypto did not join the rebound.
Ether funds kept losing money. US spot Ether ETFs had net outflows of about $93.2 million on November 6, according to SoSoValue, with BlackRock’s ETHA accounting for about $90.8 million. Total net assets stand at about $12.84 billion, about 4.71% of ether’s market value, and cumulative net inflows at about $11.92 billion.
Over the week, the funds lost $365.3 million, their sixth straight weekly outflow, and they are down about $405.6 million for 2026, The Block reported. Spot Bitcoin ETFs lost $1.28 billion over the same week, their worst week since late June. Our report on Ether ETF outflows outpacing Bitcoin’s covers the October trend.
The biggest protocol news is a delay. In a November 6 post on the Ethereum Foundation blog, developer Marius van der Wijden said the All Core Devs group decided to delay the Glamsterdam hard fork process, and that the Hoodi testnet will not be forked until the issues are resolved. Work on the following upgrade, Hegota, continues in parallel.
The problem came from testing. Auditor ChainSecurity found that some projects would be vulnerable after Glamsterdam because EIP-8037 and EIP-8038 change how gas is charged for certain operations and for state. Those changes break eight gas invariants that some contracts rely on, which the foundation has listed in a public GitHub repository.
ChainSecurity and Dedaub are auditing the changes, alongside internal reviews at the foundation, but the post said these efforts cannot cover every Ethereum project. It asked contract developers and auditors to check their code against the invariants. No new dates were given, and the decision will be revisited on the next All Core Devs calls.
In DeFi, Aave Labs acquired Avon, a team that built fixed-rate and floating-rate lending markets and an onchain order book, Aave said on Friday. Three Avon team members join Aave Labs, and no price was disclosed. Aave Labs chief executive Stani Kulechov described fixed rates as a product users already expect. Our report on the Avon deal has more.
Binance kept reopening withdrawals. ETH has been withdrawable on Ethereum, Base, Optimism and Arbitrum since November 1, and Binance said on Friday that it aims to reopen withdrawals for all tokens on restored networks, including Ethereum, BNB Smart Chain, Arbitrum and Optimism, The Block reported. It is also working to reopen six more tokens by the end of next week.
The stolen ether remains an overhang. About $3.13 billion of the stolen funds, mostly ether and Bitcoin, is still in attacker-linked addresses, according to Elliptic. It expects the attackers to swap the ether for Bitcoin in small transactions and to cash out through OTC brokers over months. Our reports on the laundering into Bitcoin and Binance reopening withdrawals have the timeline.
On the corporate side, BitMine said in a November 2 press release that it held 6,060,506 ETH as of November 1, about 4.9% of the supply. Chairman Tom Lee has said the company will stop buying at 5% of supply, and our report on BitMine’s $14.5 billion treasury has the breakdown.
For year-end and long-term targets, see our Ethereum price prediction, and our crypto price prediction tracker compares past forecasts with actual prices.
Support and Resistance Levels
| Level Type | Price |
|---|---|
| Key Resistance | $2,332 |
| Immediate Resistance | $2,250 |
| Immediate Support | $2,208 |
| Key Support | $2,173 |
$2,332 is the 20-day average on CoinMarketCap daily closes. $2,250 is Friday’s high and the top of the 24-hour range. $2,208 is Friday’s low, and $2,173 is the 30-day low on CoinMarketCap, set on October 30, the day after the hack. Levels are illustrative, not guaranteed.
Why Is Ethereum Trending Today?
Ethereum is trending because developers delayed the Glamsterdam upgrade after auditors found that two gas changes could break some contracts, and because Ether ETFs posted a sixth straight week of outflows. ETH itself held steady near $2,232 while Bitcoin slipped to an 11-week low.
For the full market picture, see crypto market today, and for today’s other headlines, check crypto news today. Our why is crypto down today page explains the wider selloff.
What This Means for the Days Ahead
US consumer prices for October are due at 8:30 a.m. ET (13:30 UTC) on Tuesday, November 10, and producer prices on Friday, November 13, according to the Bureau of Labor Statistics. The Federal Reserve meets on December 8 and 9, and markets see a rate hike as likely after Friday’s jobs data.
On the protocol side, watch the next All Core Devs calls for a plan to fix EIP-8037 and EIP-8038 and for a new Hoodi date. Traders will also watch whether Ether ETF outflows continue and whether the attackers’ ether moves again.
On the chart, $2,208 and then $2,173 are the supports to watch, with $2,000 below. Above, Friday’s high near $2,250 comes first, then the 20-day average near $2,332 and the seven-day high of $2,446.
See how other majors are trading today on Bitcoin News Today, XRP News Today, Zcash News Today, and Hedera (HBAR) News Today.
Compare Crypto Prices Today
| Asset | Price Page |
|---|---|
| Bitcoin | Bitcoin Price |
| Ethereum | Ethereum Price |
| XRP | XRP Price |
| Solana | Solana Price |
| BNB | BNB Price |
| TRON | TRON Price |
Where to Buy Ethereum
Ethereum can be bought on major exchanges including Binance, Coinbase, Kraken, KuCoin, Gate, OKX and Bybit; Binance reopened ETH withdrawals on Ethereum, Base, Optimism and Arbitrum on November 1 and is reopening more assets in stages.
US investors can also get exposure through spot Ether ETFs such as BlackRock’s ETHA and Fidelity’s FETH, which trade on US stock exchanges, and holders can stake ETH through an exchange or, with 32 ETH, run their own validator. For gaming platforms that accept ETH, see our crypto casinos guide.
This article is for informational purposes only and does not constitute financial advice. Cryptocurrency markets are volatile; always do your own research before investing.
Frequently Asked Questions
What is the latest Ethereum news today?
Ethereum developers delayed the Glamsterdam upgrade after auditor ChainSecurity found that two gas changes, EIP-8037 and EIP-8038, could break some contracts. ETH traded near $2,232 at about 17:20 UTC on November 7, flat over 24 hours, according to CoinMarketCap. US spot Ether ETFs lost $365.3 million this week, and Aave Labs bought fixed-rate lending team Avon.
Why is Ethereum down today?
Ether is flat over the past 24 hours but down about 7.8% over 30 days. Thursday’s crash in US tech stocks pushed it lower, and a strong jobs report on Friday raised the odds of a December Fed rate hike. US spot Ether ETFs lost $365.3 million this week, their sixth straight weekly outflow, and the Glamsterdam upgrade was delayed.
What is the Ethereum market sentiment right now?
Sentiment is in Extreme Fear. The Crypto Fear and Greed Index fell to 25 on November 7, from 28 a day earlier and 64, Greed, on October 8, according to alternative.me. Ether ETFs have posted six straight weeks of outflows, The Block reported. ETH has held up better than Bitcoin this week, and the ETH/BTC ratio is near 0.0295.
Can I withdraw ETH from Binance now?
Yes. ETH withdrawals on Ethereum, Base, Optimism and Arbitrum reopened in Binance’s first phase on November 1. Binance’s ninth recovery update reopened more assets from November 6, and Binance said on Friday it aims to reopen withdrawals for all tokens on its restored networks, including Ethereum. Some tokens are still paused, so check Binance’s withdrawal page before sending funds.
What is the status of the Glamsterdam upgrade?
Glamsterdam is delayed. On November 6, the Ethereum Foundation said core developers decided to delay the hard fork process and will not fork the Hoodi testnet until issues found by ChainSecurity are resolved. EIP-8037 and EIP-8038 change gas charging and break assumptions some contracts rely on. No new testnet or mainnet dates were given, and work on Hegota continues.
Are Ether ETFs still seeing outflows?
Yes. US spot Ether ETFs had net outflows of about $93.2 million on November 6, led by BlackRock’s ETHA, according to SoSoValue. They lost $365.3 million over the week, their sixth straight weekly outflow, and are down about $405.6 million for 2026, The Block reported. Net assets stand at about $12.84 billion, about 4.71% of ether’s market value.
What did Aave Labs buy from Avon?
Aave Labs acquired Avon’s fixed-rate and floating-rate lending protocols, its onchain order book, its domains and related assets, and three Avon team members joined Aave Labs, Aave said on November 6. Avon built fixed-rate lending markets on chain, and Aave Labs plans to add fixed-rate loans to its products. No price, chain or launch date was disclosed.
What are Ethereum’s key support and resistance levels?
Immediate support is $2,208, Friday’s low, with key support at $2,173, the 30-day low on CoinMarketCap, set on October 30. Immediate resistance is about $2,250, Friday’s high, and key resistance is the 20-day average near $2,332 on CoinMarketCap daily closes. These levels are illustrative and can break quickly in volatile markets.
Where can I follow reliable Ethereum news every day?
Primary sources come first: the Ethereum Foundation blog for upgrade decisions, All Core Devs call notes, ETF issuers’ filings and exchange notices, with CoinMarketCap or CoinGecko for prices. Blockchainreporter’s Ethereum News Today page brings those together with dated, attributed entries and ETF flow data. Check the date on any upgrade timeline before acting on it.
Data sources:
- CoinMarketCap (prices, market data, year-to-date change, daily candles and moving averages)
- alternative.me (Crypto Fear and Greed Index)
- SoSoValue (Ether ETF flows and net assets) and The Block (weekly and year-to-date ETF flows)
- Ethereum Foundation blog (Glamsterdam delay)
- Aave (Avon acquisition)
- Elliptic and The Block (stolen funds and Binance withdrawal plans)
- Bureau of Labor Statistics and CoinDesk (jobs report, stock market close and Fed rate-hike odds)
- BitMine press release of November 2 (ETH holdings)
- Federal Reserve (calendar)
