$ETH Headline: Ethereum Under Fire! ๐ฅ $1.1B Liquidated as ETH Hits $2,240!
The "Altcoin King" is bleeding! Today, February 1, 2026, Ethereum ($ETH) faced one of its most violent sell-offs, dropping over 18% in a single day.
The Horror Breakdown:
๐ Multi-Month Low: ETH touched $2,240, a level we haven't seen in a long time. It's now down over 50% from its 2025 high.
๐ธ Liquidation Chaos: Out of the $2.2B total market liquidations, $1.1 Billion came from ETH alone. Over-leveraged long positions were completely wiped out.
๐ Whale Alert: Trend Research is facing a massive $1.2 Billion floating loss. Their liquidation floor is at $1,558. If the market doesn't bounce soon, the pressure will be immense.
๐ฆ ETF Outflows: Continued outflows from Spot Ethereum ETFs are adding to the sell pressure, as institutional investors move to "Safety Assets" like Gold.
Technical Outlook:
ETH is currently oversold on the daily RSI, but the lack of immediate buying volume is concerning. We need to reclaim the $2,500 level to stop this bleeding. Watch the $2,120 support like a hawk!
Are you buying the ETH dip or shifting your bags to BTC? ๐๐
#CZAMAonBinanceSquare #ethereum #ETH #USGovShutdown
