Ethereum (ETH) is down 11% on Monday after taking heavy losses from the general crypto market crash.
Ethereum suffered the largest loss among top cryptocurrencies by market capitalization after Jump Crypto sale triggered a series of sell orders. Ethereum liquidations have risen above $380 million in past 24 hours as long traders bleed heavily. Ethereum exchange net flows have turned negative as bulls may be buying the dip. Ethereum could reclaim key support level as buyers are returning to the market. Ethereum is down 11% on Monday after taking heavy losses from the general crypto market crash.
ETH Exchange Netflow ETH technical analysis: Ethereum could reclaim $2,800 support Ethereum is trading around $2,500 on Monday, down 11% on the day. ETH had earlier dropped 25% before recovering slightly — its largest single-day drawdown since the crypto market crash in May 2021, when prices crashed from $3,500 to around $1,700. The decline sparked a $381 million liquidation in ETH futures, with long and short liquidations accounting for 82% and 18%, respectively.
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