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Ether briefly dips below $2,600 amid heavy futures liquidations in crypto selloff

Market News
07 Oct 2026
Tokenpost
View Source
Bearish
Ether briefly dips below $2,600 amid heavy futures liquidations in crypto selloff

Ether (ETH) briefly fell below $2,600 to a 24-hour low of $2,596.36 amid a broad crypto market selloff that triggered about $176 million in futures liquidations. This forced closure of leveraged positions added short-term downward pressure on the token's price. Meanwhile, Ethereum's upcoming Glamsterdam upgrade reached a milestone on the Sepolia testnet, though the mainnet activation date remains undecided. The price movement highlights volatility linked to leveraged trading and ongoing network upgrades.

Ether's recent price drop below $2,600 comes amid a broad crypto market downturn. For readers following cryptocurrency markets, here is Pluang's snapshot as of Oct 07, 2026 14:21 WIB: out of 50 major cryptocurrencies, only 6 rose while 43 fell. Notable movers include UNI at Rp146.889 with a 1-day change of -7.09% and a Pluang order activity of 35% Sell / 65% Buy, FIL at Rp19.693 down 6.73% with 56% Sell / 44% Buy, and ALGO at Rp2.136 down 6.56% with 27% Sell / 73% Buy. Typical hold times range from 65 to 129 days on Pluang.

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