By Nermeen Nabil Khear 
Amid the broader market’s correction yet again today, ETH’s price has taken a major hit and tumbled below $3,000 for the first time since early November.
This has caused a lot of liquidations for over-leveraged bulls, with the number skyrocketing to nearly $200 million only for ETH-related positions.
As the graph above demonstrates, the second-largest cryptocurrency broke above $3,000 after the US elections in early November and didn’t look back for the next two months.
Moreover, the asset peaked at just over $4,100 on December 16, but that was as far as it could go. During the end-of-the-year crash, ETH slumped to $3,100 but managed to defend the $3,000 support.
It bounced off and went on the offensive at the start of 2025. Its yearly peak came on January 7 when it jumped to $3,750. However, that’s when the landscape took a turn for the worse, and ETH, alongside the rest of the market, started to plunge.
The subsequent rejection drove Ethereum’s price to $3,300, where it spent most of the next few days. However, another leg down initiated by the bears today pushed it south even further, and it slipped below $3,000 minutes ago for the first time since early November.
ETH is down by precisely 20% since its January 7 high (or $750 in USD perspective). Today’s drop was particularly painful for over-leveraged traders with long positions, as the total such liquidations has gone up to $185 million, according to CoinGlass.
In fact, ETH’s liquidations have surpassed even those for BTC, whose price tumbled from $96,000 earlier this morning to under $90,000 briefly.
The post Ethereum Bulls Face $185M in Liquidations as ETH Price Slumps to 2-Month Low appeared first on CryptoPotato.
The entire market is in the red, but ETH is among the poorest performers. AA News, Crypto News, ETHBTC, ETHUSD, Ethereum, Ethereum (ETH) Price
This articles is written by : Nermeen Nabil Khear Abdelmalak
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