Ethereum drops below $2,700 as $97.6M in longs get liquidated
- —ETH fell over 3% below $2,700 after hitting resistance near $2,786
- —24-hour liquidations totaled $111.7 million, with $97.6 million in longs
- —Ethereum open interest slipped to $34.8 billion, lagging the price rally
- —Immediate support sits at $2,626, followed by the $2,544–2,549 zone near the 20-day EMA
Why it matters: Holding $2,626 would keep Ethereum's recovery intact, while a breakdown could extend losses toward the 20-day EMA.
Source: Invezz