Ether Drops Below $3,100, Market Views ETH as More Risky Than BTC
Ether traded below $3,100 (around $3,068.73) for the first time since November 4, 2025, and was down about 3.4% over the past 24 hours as of 9:35 p.m. UTC on November 16, 2025. Bitstamp briefly penetrated the $3,100 level around 4 p.m. UTC. According to Timothy Peterson of Cane Island Alternative Advisors, spot ether ETFs posted net outflows in four of the past five weeks, totaling about 7% of cost-basis capital. In contrast, Bitcoin ETFs saw about 4% of cost-basis capital withdrawn in the same period, indicating a smaller erosion than ether. These outflows suggest that investors view ether as a riskier asset relative to bitcoin, signaling an erosion of conviction among long-term holders. Cost-basis capital refers to the total money originally committed to an ETF, excluding gains or losses, and is used to gauge investor sentiment. Market-watchers will monitor whether ether ETF outflows ease and how ETH trades around key levels after dropping below $3,100; future flow data and price action may show if the sentiment gap persists.
