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Ethereum drops 10% to $2,100 amid oil price surge and heavy exchange inflows

Market News
19 May 2026
The Currency Analytics
View Source
Bearish
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Ethereum's price fell 10% to around $2,100, erasing gains made in May due to a surge in oil prices and large inflows of ETH into exchanges like Binance. The oil price increase, driven by geopolitical tensions, raised inflation and liquidity concerns, reducing risk appetite and hitting high-beta assets like Ethereum. Over 225,000 ETH moved into Binance in one day, flooding the market and triggering aggressive futures selling and ETF outflows totaling over $340 million in six days. Recovery depends on easing of these macro pressures rather than network-specific factors.

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