Ethereum is experiencing one of its biggest declines this cycle, dropping toward $2,400 as the wider crypto market turns cautious. While Bitcoin and other major altcoins are also falling, Ethereum’s losses are steeper in percentage terms.
ETH has dropped about 9 to 10% in the last 24 hours, and trading volume has jumped above $50 billion. This suggests panic selling rather than normal profit-taking. Low liquidity and high leverage have made the sell-off worse, speeding up losses as the weekend approaches.
$2.5Billion Liquidations and Large Holder Selling Are Pushing Prices Down
Aggressive forced liquidations have driven the sell-off. Over $2.5 billion in crypto positions were wiped out in one day, with Ethereum making up the biggest portion. Because many traders were betting on prices going up, ETH became vulnerable when key support levels broke, leading to a wave of margin calls.
Meanwhile, large investors and institutions have added to the selling pressure. After months of buying, big holders are now reducing their positions. ETF flows and derivatives also show that investors are trying to lower their risk. As the total crypto market cap drops toward $2.6 trillion and fear levels stay high, market sentiment is still weak.
Ethereum Price Outlook: ETH Drops to $2,400 as Downtrend Speeds Up
Looking at the charts, Ethereum price prediction is clearly in a bearish phase. The daily chart shows ETH stuck in a downward channel that has shaped its price since late 2025. The price was rejected at the $3,200 to $3,300 area, just below the falling 100-day and 200-day moving averages, ending the last attempt to stabilize.
When ETH fell below $2,800, which had been a key support level, it confirmed that the downtrend is continuing. Recent price bars show strong selling pressure, with little sign that sellers are running out of steam.
Momentum indicators also show weakness. The RSI has fallen into the mid-20s, which means ETH is deeply oversold but there are no signs of a reversal yet. In strong downtrends, this usually means selling could continue for now.
Important Price Levels and What to Expect Next
Looking at possible price paths, there are two main scenarios. ETH could see a short-term bounce up to $2,600 to $2,700, where old support and the lower channel now act as resistance. If ETH can’t move above that area, prices could fall to $2,250 next, and possibly $2,100 if selling picks up.
A more positive outlook will take time. Ethereum needs to hold above $2,400, set a higher low, and close above $2,800 to start a recovery toward $3,100 to $3,300 later on. For now, ETH seems to be going through a leverage reset, which is tough but often needed before a stronger recovery can happen.
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The post Ethereum Price Prediction: $2.5B Liquidated as ETH Slides to $2,400 – Is $2,100 Next? appeared first on Cryptonews.
