Why Ethereum moves
Ethereum moved little, while the S&P 500 rose slightly.
Written after the close on ·
Why today
16,292 news analyzed todayEthereum moved little, while the S&P 500 rose slightly.
Over the last five trading days Ethereum fell slightly, while the S&P 500 fell sharply, so Ethereum held up better than the market.
No news from the last session explains the move, which was an ordinary-sized day for Ethereum.
Trading volume was well above its usual level, about twice a normal session, so the market was active.
Earlier in the week, crypto exchange-traded funds (ETFs, funds that hold the coin and trade like shares) saw heavy outflows, which likely weighed on prices.
Today's move of +0.02% was 0.0 times a normal day's 0.9%. S&P 500 moved +0.31% on the same day.
Ethereum +0.02%S&P 500 +0.31%In step with the market
Earlier days
−1.67% market −2.70% Ethereum fell slightly over the week, moving less than the broader market, which fell sharply. Read →
Ethereum fell slightly over the week, moving less than the broader market, which fell sharply.
Ethereum ETFs, funds that hold the coin for investors, saw large outflows in early November as investors pulled back from crypto.
Some Ethereum ETFs gained inflows on November 5, but the trend was mostly withdrawals.
Trading was heavier than usual, about twice a normal session.
−7.75% market −4.41% Ethereum sank as the broader market also fell hard. Read →
Ethereum sank as the broader market also fell hard.
Ethereum fell very sharply in the last session, a very big move for it, while the S&P 500 also fell very sharply, so it moved in line with the market rather than apart from it.
Over the last five trading days it was roughly unchanged, while the S&P 500 fell sharply, so Ethereum held up better than stocks.
No company news explains the session move, so the likely drivers are market-wide: crypto prices broadly fell and heavy trading volume suggests forced selling, such as leveraged positions being unwound, was part of it.
+6.58% market +1.65% Ethereum jumped sharply, far more than the market. Read →
Ethereum jumped sharply, far more than the market.
Over the same day the S&P 500 rose sharply too, so Ethereum's gain was much bigger.
The move was very big for Ethereum, about five times a normal day, and trading was well above its usual level.
The likely driver was the wider crypto market, where traders bought back into Ethereum after weeks of selling.
Over the last five trading days Ethereum rose sharply, with its big gain coming in the final session.
+2.15% market +0.30% Ethereum rose, moving more than the market, which rose slightly. Read →
Ethereum rose, moving more than the market, which rose slightly.
No company news explains it; the cryptocurrency has no company to report news, and the one "in the last session" item, a Tom Lee comment calling the Binance hack bullish, is commentary rather than a confirmed driver.
Over the last five trading days Ethereum rose slightly while the S&P 500 fell clearly, so it held up against the market.
Investors pulled money out of Ethereum exchange-traded funds (ETFs, funds that hold the coin) in recent days, which usually weighs on prices, while the wider crypto market rallied in tandem with Bitcoin.
−0.84% market −0.48% Ethereum fell with the market. Read →
Ethereum fell with the market.
Its own news is market-wide rather than company-specific.
Over the same session the S&P 500 also fell slightly, so Ethereum moved a little more than the market, though it was an ordinary day for Ethereum.
Over the last five trading days Ethereum fell clearly, and that was a big move for it, roughly twice a normal five-day stretch.
The S&P 500 fell sharply over the same days, so Ethereum dropped more than the market.
−0.79% market −1.77% Ethereum fell, while the S&P 500 fell sharply. Read →
Ethereum fell, while the S&P 500 fell sharply.
Over the last five trading days, Ethereum fell clearly, a bigger drop than the market's slight decline.
The most recent news, a North Korea-linked hack of Binance, a large crypto exchange, may have added to nervousness about crypto, but it is not clearly tied to the day's price move.
Ethereum's price moved in an ordinary range for it, and trading volume was about twice a normal session, which suggests heavy activity.
Ethereum's price is also still well below its high of last year, reached in early November, a reminder of how far it has already fallen.
−4.09% market −0.56% Ethereum fell clearly over the week, more than the broader market, which dipped slightly. Read →
Ethereum fell clearly over the week, more than the broader market, which dipped slightly.
The move was an ordinary size for Ethereum, on trading about twice its normal level.
Sales by a long-dormant Ethereum Foundation-linked wallet also weighed on sentiment.
The price stayed well below its highest close of the past year.
+0.23% market −0.38% Ethereum was roughly unchanged. Read →
Ethereum was roughly unchanged.
Ethereum was roughly unchanged in the last session, while the S&P 500 fell slightly, so it moved less than the market.
That was an ordinary day for Ethereum.
Ethereum-specific news from the last session included spot Ether ETFs losing about $170 million over three days, which likely added to selling pressure, and a cross-chain messaging launch between Stellar and Ethereum that is unlikely to move the price much.
Over the last five trading days, Ethereum was roughly unchanged while the S&P 500 rose clearly.
+0.40% market +0.34% Ethereum rose with the market. Read →
Ethereum rose with the market.
Over the same day the S&P 500, a broad US stock index, rose slightly, so Ethereum moved less than the market.
Over the last five trading days Ethereum fell slightly while the S&P 500 rose clearly, so it moved against the market.
Ethereum news from the last session was mostly about flows: spot Ether ETFs, funds that hold the coin and trade like shares, saw outflows, meaning investors pulled money out.
Its move was an ordinary size, smaller than a normal day for it.
+1.18% market +0.56% Ethereum rose, moving more than the market, which rose clearly. Read →
Ethereum rose, moving more than the market, which rose clearly.
Ethereum's move was an ordinary one, smaller than a normal day for the coin, and the price stayed within its usual daily range.
Over the last five trading days it fell slightly while the S&P 500 rose slightly, so it moved against the market.
The stock-style reasons do not apply to a coin, so the market-wide mood and recent outflows from Ethereum spot funds are the likely background.
−0.29% market +0.71% Ethereum held roughly steady without a company-news explanation. Read →
Ethereum held roughly steady without a company-news explanation.
Ethereum is a crypto currency, not a company, so its moves follow crypto market news rather than corporate events.
The S&P 500 rose clearly over the same session, so Ethereum moved less than the broader market.
The move was an ordinary one for Ethereum, within its usual daily range.
The session's news was mostly about ICO-era holders moving ether, which can stir sale worries, but no specific sale was tied to the price.