Ether Drops 1.21% in One Hour to $2,386 as Long Liquidations Reach $7.6 Million

Ether (ETH) fell 1.21% in the hour through 10:05 a.m. ET (14:05 UTC) Oct. 18, reaching $2,386 on Binance’s ETH/USDT spot market. The move put the token $30 below its price one hour earlier.

The reference price at 9:05 a.m. ET (13:05 UTC) was $2,416. Over the 24 hours through 10:05 a.m. ET, Ether was down 1.61%, comparing the snapshot with its price 24 hours earlier. The one-hour and 24-hour changes use different starting prices and share the same 10:05 a.m. ET endpoint.

Liquidations tallied across Binance, Bybit and OKX during that hour totaled $7.6 million in long positions and $120,000 in short positions. The long-side figure was $7.48 million higher, showing that reported liquidations were concentrated in long positions during the same window.

Ether ranked as the second-largest crypto asset by market capitalization, at about $292,315,840,000.