Why Is Ethereum’s Price Falling? A Triple Threat of Macro Factors

Ethereum’s price has experienced a significant decline, dropping below $2,850, reflecting broader market uncertainty and the concerns surrounding its future. Recent data reveals that institutional investors are increasingly pulling out from ETH-based exchange-traded funds (ETFs), with November 2025 seeing an eight-day streak of net redemptions in US spot Ethereum ETFs. This withdrawal trend, coupled with Bitcoin ETF outflows, suggests a broader risk-off sentiment affecting the entire cryptocurrency market.