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Ethereum longs liquidated $246M amid volatile sell-off, eyes on $2015 support level for recovery or deeper drop.

Market News
18 May 2026
AMBCrypto
View Source
Bearish
pluang ai news

Ethereum experienced a sharp sell-off with nearly $246 million in long positions liquidated, increasing short-term selling pressure. The decline was driven by automated liquidations and weakening trading volume, which made the market more vulnerable to further drops. Despite this, a major whale increased its Ethereum holdings, signaling confidence amid volatility. Traders are now watching the $2015 support level closely to see if buyers will defend it or if Ethereum will face a deeper correction.

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