TradingKey – Ethereum briefly breached a key support level, triggering a wave of liquidations.
On Thursday, September 25, during the Asian midday session, Ethereum (ETH) briefly fell below the $4,000 threshold, leading to widespread position liquidations. Over the past 24 hours, ETH saw $175 million in liquidations — more than double the amount recorded for Bitcoin (BTC).
ETH Liquidation Data – Source: Coinglass.
During the same period, Bitcoin experienced a slight decline, hovering near $111,000. In contrast, ETH plunged over 3%, breaking through its critical support level. It hit a low of $3,933 before recovering slightly to $4,014.
ETH & BTC Price Changes – Source: CoinMarketCap.