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Ethereum Price Prediction: ETH Cracks $2,156 After 20% Crash As $306M Liquidations Mount
Feb 2, 2026
< 1 min read
by Parshwa Turakhiya
for CoinEdition
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- Ethereum drops to $2,156 intraday before recovering to $2,290 as $306.96 million in liquidations flush leveraged positions within 24 hours.
- BitMine Immersion Technologies reports over $6 billion in unrealized losses on its 4.24 million ETH treasury, highlighting concentration risk across institutional holders.
- Recovery requires reclaiming $2,782, while a close below $2,156 opens downside toward the $1,800 demand zone.
Ethereum price today trades near $2,290 after crashing to $2,156, its lowest level since October 2024. ETH’s crash came alongside Bitcoin’s drop to $74,500, triggered by Trump’s hawkish Fed Chair nomination and Iran port explosion. However, ETH underperformed BTC significantly, falling over 20% compared to Bitcoin’s 15% decline.
$306 Million Liquidation Wave Hits Long Positions
The derivatives market bore…
Read The Full Article Ethereum Price Prediction: ETH Cracks $2,156 After 20% Crash As $306M Liquidations Mount On Coin Edition.
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$ 64.16K
-3.98%
$ 1.79K
-3.81%
$ 0.0024
$ 1.79K
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In This News
Coins
$ 64.16K
-3.98%$ 1.79K
-3.81%$ 0.0024
$ 1.79K
-3.57%Predictions Markets
See what traders are focused on
Share:
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