At a glance (Nov 13, 2025):
- Spot price: Ethereum trades around $3,250–$3,260 late Thursday, depending on the index. CoinDesk shows $3,256.83; CoinMarketCap shows $3,244.38, reflecting normal source variance. [1]
- 24‑hour change: Roughly −5%. [2]
- Daily range:$3,158–$3,553 (intraday low/high). [3]
- Market cap & supply: ~$391.6B on 120.7M ETH in circulation. [4]
- Network costs: Mainnet gas sat in the ~0.25–0.50 gwei band this evening (about $0.02 for a basic transfer at the posted “Average” tier). [5]
What moved ETH today
ETF flows turned negative. Third‑party flow trackers flagged sizeable net outflows from U.S. spot Ethereum ETFs around mid‑session, a tone that matched broader crypto fund weakness this week. One widely cited dashboard tallied ~54,389 ETH of net redemptions (~$187M), while other aggregators also reported ETH and BTC outflows on the day. (Numbers vary by methodology; these are preliminary dashboard reads rather than end‑of‑day custodial tallies.) [6]
Macro backdrop flipped from “shutdown” to “reopen.” The 43‑day U.S. government shutdown ended late on Nov 12, but markets still face an economic‑data vacuum and policy uncertainty in the short run, with agencies scrambling to restart releases. That kept risk appetite choppy across assets today. [7]
New crypto ETFs launched—even as flows chopped.21Shares rolled out two U.S. crypto index ETFs (one ex‑Bitcoin) under the stricter ’40 Act wrapper, each including Ethereum among top holdings. Launch‑day headlines landed into a risk‑off tape, muting any immediate price impulse. [8]
Grayscale put its books on display.Grayscale made public its IPO filing, revealing a 20% YTD revenue drop alongside continued profitability—an industry temperature check for the crypto‑fund complex that includes its Ethereum products. [9]
Intraday tone: volatile and mixed across majors. Through the U.S. morning, some outlets noted ETH briefly firmer even as BTC slipped, underscoring the whipsaw nature of today’s trade before sellers regained control into the close. [10]
Price action: levels and context
- Where ETH traded: After tagging a low near $3,158, ETH’s rebound attempts struggled below the mid‑$3,500s, leaving the token down about 5% on the day and roughly 32% off its August high, per intraday commentary. [11]
- Technicals traders watched: Short‑term desks flagged $3,35k–$3,38k as near‑term support/resistance band; some technicians warned a push toward the $3,170 area risked an acceleration of losses if bids didn’t stabilize. [12]
- Relative value: The ETH/BTC ratio hovered around 0.0325 BTC per ETH, reflecting ETH’s slight underperformance vs. bitcoin in today’s late trade. [13]
Network conditions
- Fees/gas: Etherscan’s tracker showed ~0.25–0.50 gwei “Average” quotes late Thursday (~$0.02 for a standard transfer, ~$0.32 typical swap estimate), consistent with the post‑EIP‑4844 low‑fee regime seen on quiet days. Ultra‑low gas reduces friction for on‑chain activity, though it didn’t visibly offset ETF‑flow headwinds today. [14]
Today’s key headlines (Nov 13)
- 21Shares launches two U.S. multi‑coin crypto ETFs (incl. ETH). [15]
- Grayscale’s IPO filing goes public; revenue down 20% YTD as crypto volatility persists. [16]
- Markets digest end of record U.S. government shutdown; data releases still disrupted. [17]
- Sentiment skews defensive; “fearful” readouts and mixed altcoin performance. [18]
What to watch next
- ETF flow prints: Finalized U.S. spot ETH ETF flow data for today/tomorrow will shape near‑term price bias. Persistent outflows would keep rallies contained; a flip back to inflows would be a clear tailwind. (Trackers conflicted intraday—wait for end‑of‑day fund reports.) [19]
- Economic data restart: With Washington reopened, watch the timetable for CPI and jobs releases, which were delayed during the shutdown and may arrive with gaps or caveats that affect rate expectations—and crypto beta. [20]
- Key price levels: Bulls want to reclaim $3,500–$3,580; bears are eyeing $3,170–$3,200 as a stress zone. [21]
Methodology and sources
Prices and market cap are taken from live crypto dashboards and may vary slightly across data providers. Daily high/low reflects the ETH‑USD session range recorded by Yahoo Finance. Macro and industry developments come from same‑day reports by major outlets noted below. [22]
This article is for information purposes only and does not constitute investment advice.
References
1. www.coindesk.com, 2. coinmarketcap.com, 3. finance.yahoo.com, 4. coinmarketcap.com, 5. etherscan.io, 6. blockchain.news, 7. www.reuters.com, 8. www.reuters.com, 9. www.reuters.com, 10. www.barrons.com, 11. finance.yahoo.com, 12. u.today, 13. coinmarketcap.com, 14. etherscan.io, 15. www.reuters.com, 16. www.reuters.com, 17. www.reuters.com, 18. www.coindesk.com, 19. cryptorank.io, 20. www.reuters.com, 21. www.marketpulse.com, 22. www.coindesk.com
