Ethereum Jumps Past $2,400 While ETFs Boycott: Who's Wrong?
Ethereum Just Crashed Wall Street's Boycott — And Jumped Past $2,400 Anyway Co-produced by Daniel Aharonoff and DigitalDan As the chief editor of ethdan.me, I have covered a lot of strange days in crypto. But Wednesday, November 4, 2026, deserves a special place in the file. Ethereum jumped past $2,400 — up more than 5% in a single day, outrunning Bitcoin — on the very same day the data confirmed that Wall Street's spot Ethereum ETFs have not posted a single net buying day since September 29. Read that again. The price is surging. The institutions are boycotting. Somebody is very wrong. So — who's wrong? Ether traded around $2,421 on Wednesday afternoon, according to CoinGecko data, after dipping as low as $2,226 overnight as the first US midterm election results rolled in. From that overnight low, ETH recovered almost 8% within twelve hours. Bitcoin, for comparison, gained about 3.6% over the same stretch to just over $80,300. The ETH/BTC ratio — the scoreboard fo...
