TradingKey – As of Wednesday’s Asian trading session (November 11), Ethereum (ETH) extended its recent decline, fluctuating around $2,060. On Tuesday, Ethereum fell 3.84%, hitting an intraday low of $2,006. As the latest U.S. inflation data came in higher than expected, driving the U.S. dollar and U.S. Treasury yields higher, coupled with ongoing capital outflows from the cryptocurrency market, Ethereum faces significant short-term correction pressure.