ETH drops below $2,800 as $70 million worth of ETH gets liquidated

Data provided by CoinGlass shows that, the total amount of positions worth $71.40 in Ethereum (approximately 25,440 ETH) has been liquidated across multiple crypto exchanges in just 4 hours.

The liquidations began as the Ethereum price, following Bitcoin, started plunging and fell to the $2,793 level. This is the lowest price mark for Ethereum since 09/2021.