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Ethereum price bottom faces a test after nearly $300M in long liquidations

The Cryptonomist·November 7, 2026·1 min read
Ethereum price bottom faces a test after nearly $300M in long liquidations

Ethereum's price bottom near $2,000 faces a test after nearly $300 million in long liquidations over 48 hours, yet ETH declined just over 1%. A trader's $45.3 million leveraged bet backs the bullish side. Weakening staking demand and persistent pressures weigh on the market.

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