Ethereum saw nearly $300 million in long position liquidations recently, but the price dropped just over 1%, indicating limited selling pressure. A trader with a strong winning record has opened a large long position, suggesting confidence in a potential recovery. However, weakening staking demand and significant ETF outflows totaling $270 million in early November signal cautious market sentiment. If these trends continue and a key support level near $2,200 breaks, Ethereum could fall below $2,000 before possibly rebounding.
As of Nov 07, 2026 08:21 WIB, Ethereum trades at Rp40.521.668 on Pluang with a minimal 1-day change of +0.03%, showing stability despite recent liquidations. The market cap stands at Rp4.953,52 trillion with a strong 24-hour volume of Rp195,22 trillion, while order activity leans slightly towards selling at 52%. This contrasts with the cautious sentiment noted in the article, highlighting Ethereum's current resilience on the platform.
Ether (ETH) long positions totaling $20.79 million were liquidated within one hour ending at 9:55 a.m. ET on Nov. 5, as the price fell 1.77% from $2,390 to $2,348. The total liquidation across Binance, Bybit, and OKX was $21.82 million, with long pos...
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