Ethereum lost 22% over the week

Ethereum ETH $2,277.25 Bridged Ether (StarkGate) 0.24% Market capitalization $52.76 million VOL. 24 hours $1.99 billion is experiencing its biggest drop since October 2025: the rate has dropped by 10.22% overnight and is trading near $ 2,302. Over the past week, ETH has lost more than 22% of its value, indicating high volatility and weak short-term trend momentum.

The price collapse caused large-scale liquidations in the cryptocurrency derivatives market. In total, positions worth more than $ 2.5 billion were forcibly closed, of which $ 1.15 billion was on Ethereum. The largest liquidation reached $ 222.65 million on the Hyperliquid exchange, which demonstrates a sharp reduction in leverage among traders.

According to LookOnChain, the drop below $ 2,300 triggered about $ 737 million in liquidations of long positions on centralized exchanges. This happened against the backdrop of low liquidity, which increases the risks for market participants using margin financing.

Bloomberg analysts warn that if the support level of $ 2,000−1,950 is broken, the price of ETH could fall even further. One of the traders lost $ 220 million on a leveraged position, which illustrates the scale of risk in the current volatility. A drop below $ 2,300 is seen as a distribution of the asset rather than its accumulation.

The market is witnessing the activity of major players: some are buying up Ethereum during downturns, while others risk liquidation in the event of a further drop. Analysts are focusing on ETH’s ability to recover resistance levels in the range of $ 2,300−2,500 or the opening of a new stage of decline under market pressure.