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Ether (ETH) price drops 1.24% in one hour amid $4.59M long position liquidations

Market News
16 Oct 2026
Tokenpost
View Source
Bearish
Ether (ETH) price drops 1.24% in one hour amid $4.59M long position liquidations

Ether (ETH) price fell by 1.24% to $2,445 within one hour on October 16, with a notable $4.59 million in long position liquidations across Binance, Bybit, and OKX exchanges. Despite the hourly drop, Ether was still up 0.78% over the previous 24 hours, maintaining its position as the second-largest cryptocurrency by market capitalization at around $298 billion. The significant liquidation of long positions indicates some traders faced losses as the price dipped, while short positions saw minimal liquidations. This volatility highlights ongoing market fluctuations in the crypto space.

Ethereum trades at Rp43,354,673 on Pluang as of Oct 17, 2026, 09:02 WIB, showing a 0.54% decline in the past day. The platform records a market cap of Rp5.328,58 trillion and a 24-hour volume of Rp203,47 trillion. Despite recent volatility, typical hold time on Pluang remains 107 days, with 74% of orders as buys, indicating steady investor interest.

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