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Ether price drops nearly 7% in four hours amid $42M long liquidations on major exchanges

Market News
05 Nov 2026, 18:17 WIB
Tokenpost
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Bearish
Ether price drops nearly 7% in four hours amid $42M long liquidations on major exchanges

Ether (ETH) price fell 6.82% within four hours to $2,249 on Binance, continuing a 7.92% decline over 24 hours. This drop triggered significant liquidations, with $42.03 million in long positions and $6.75 million in short positions liquidated across Binance, Bybit, and OKX. Ether remains the second-largest cryptocurrency by market cap at about $281 billion. The sharp price movement and high liquidation volume highlight increased volatility in the crypto market.

Ether's recent price drop provides context for the broader crypto market performance on Pluang as of Nov 05, 2026 22:52 WIB. Among 50 major cryptocurrencies, only 3 gained while 46 declined today. Notably, SNX fell 11.56% with 84% sell orders, SAND dropped 11.30% with 93% sell orders, and UNI decreased 11.24% with a more balanced 57% sell to 43% buy activity, reflecting widespread selling pressure across these assets.

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