Ethereum trades near $2,690 as $730M liquidation risk looms below $2,554
CIE News ·
Ethereum traded near $2,684 to $2,690 on October 4, 2026, as data reported by KuCoin highlighted up to $730 million in cumulative long liquidations below $2,554.
Ethereum (ETH) traded between $2,684 and $2,690 on October 4, 2026, remaining in a consolidated range after facing rejection near $2,700, while ETH recently surpassed Bitcoin (BTC) in open interest volume on Hyperliquid. According to KuCoin, citing Coinglass data, an ETH price drop below $2,554 would trigger $730 million in cumulative long liquidations on major centralized exchanges, while a rise above $2,797 would trigger $654 million in short liquidations. Cryptoticker.io reported that every daily close since September 21 has fallen between $2,669 and $2,775, with lower support at the September 20 close of $2,645.