Ethereum rebounds past $2,400 as liquidations hit $236M
CIE News ·
Based on reporting by crypto.news; not yet independently confirmed.
Ethereum rallied from an overnight low of $2,226 to an intraday high of $2,428 on November 4, triggering $236.47 million in derivative liquidations across exchanges.
Ethereum (ETH) climbed from an overnight trough of $2,226 to an intraday peak of $2,428 on November 4, 2026. The price advance triggered $236.47 million in ETH derivative liquidations over a two-hour window, according to CoinGlass data reported by coinedition.com. Short positions accounted for $132.15 million, or 55.9% of the total ETH wipeout, while closed long positions reached $104.33 million.
The single largest liquidation took place on exchange HTX, involving a $38 million ETH-USDT position. The ETH rally accompanied a broader market rebound where Bitcoin (BTC) moved back above $80,000, as reported by crypto.news and coinedition.com.
Key facts
- ETH reached $2,428 high
- $236.47M in ETH liquidations
- $38M ETH-USDT position on HTX
- Shorts made up 55.9% of total
Read the original at crypto.news