Ether Drops 5.59% in Four Hours to $1,898 on Binance's Spot Market

Ether (ETH) fell 5.59% in four hours to $1,898 on Binance's ETH/USDT spot market at 12:56 a.m. ET (05:56 UTC) Friday. The same pair was priced at $2,011 four hours earlier.

Ether was down 7.30% over the 24 hours through the latest reading. The 24-hour loss was larger than the move over the latest four-hour window, with both comparisons measured against earlier spot prices.

ETH liquidations across Binance, Bybit and OKX totaled $10.84 million in long positions and $210,000 in short positions during the same one-hour period. The figures are dollar values of positions forcibly closed, not trading volume or the total value of Ether traded on the exchanges.

Long positions generally benefit from rising prices, while short positions benefit from falling prices. The liquidation totals show a much larger value of long positions was closed than short positions during that hour, alongside the measured decline in Ether's spot price.