ETHE is trading at $16.99, down 4.71%, as Ether fell sharply overnight to a more-than-two-month low amid concern that a Democratic-controlled Congress could tighten crypto regulation.

  • Reports also cite a $6 billion Binance heist as weighing on sentiment.
  • Forced liquidations amplified the decline, with $449.03 million in ETH positions liquidated, mostly leveraged longs.
  • U.S. spot Ether ETFs recorded a sixth straight week of outflows, adding pressure to the underlying asset.