Ethereum (ETH) Price: ETH Falls Below $2,600 as Long Liquidations Hit 4-Month High

Ethereum (ETH) dropped below $2,600 on October 7, falling 5.67% in a single day. Long liquidations hit $201 million, the highest since June 5. ETH is testing its 100-week EMA near $2,561, a level analysts say is critical. Ethereum ETFs saw $252 million in weekly outflows, the largest since June.