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Ether (ETH) drops 3.31% in 24 hours, falling below $2,612 amid higher long-position liquidations.

Market News
07 Oct 2026
Tokenpost
View Source
Bearish
Ether (ETH) drops 3.31% in 24 hours, falling below $2,612 amid higher long-position liquidations.

Ether (ETH), the second-largest cryptocurrency by market value, declined by 3.31% over 24 hours, dropping from $2,694 to $2,612 as measured on Binance. This price fall occurred within four hours and coincided with higher liquidations of long positions totaling $30,000, compared to $10,000 in short positions across major exchanges like Binance, Bybit, and OKX. The decline reflects increased selling pressure on ETH, which currently holds a market capitalization of approximately $318.7 billion. Investors should watch for further price movements as market dynamics evolve.

Ether (ETH) price movements provide context for cryptocurrency trends. For readers following crypto markets, here is Pluang's snapshot as of Oct 07, 2026 12:02 WIB: Out of 50 major cryptocurrencies, 4 rose and 45 fell today. Key movers include EGLD at Rp74.037 with a 1-day change of -7.49% and 57% sell order activity, AXS at Rp21.411 down 7.23% with 89% buy order activity, and COTI at Rp234 down 7.07% with 58% sell order activity.

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