Ethereum drops 9% in 8 hours as liquidations wipe out $670M in longs
ETH plunges to $2,930 amid broader market slump, with Bitcoin slipping to $86K and long positions taking the biggest hit.
Ethereum dropped 9% in the past eight hours, sliding to $2,930 as crypto markets continue to reel from a wave of liquidations.
The pullback comes amid broader weakness across digital assets, with Bitcoin retreating to the mid-$86,000 range.
The selloff intensified as over $670 million in positions were liquidated in the past 24 hours, according to Coinglass data. Longs bore the brunt of the move, accounting for $570 million of total liquidations. Ethereum alone saw $176 million in liquidated longs, while Bitcoin recorded $204 million.
The market has struggled to regain momentum since the October 10 wipeout, with risk appetite remaining low across both majors and altcoins.
Ethereum (ETH) price
Full chart and statsLoading chart…
- Price
- $2,232
- 24h change
- +0.3%
- Market cap
- $272.8B
- 24h volume
- $4.5B
- Circulating supply
- 122.2M ETH
CoinGecko data as of Nov 7, 2:16 PM EST.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
