Curve Finance has said Ethereum's Glamsterdam upgrade could give complex DeFi transactions more reliable access to blockspace, citing mainnet checks in which a leveraged borrow used about 1.84 million gas against 125,000 for a direct stablecoin swap.
Ether was priced at $2,457 on Binance spot at 3:23 p.m. ET (19:23 UTC) on Oct. 8, up 0.71% from an hour earlier.
Ether traded at $2,454 on Binance spot at 3:18 p.m. ET (19:18 UTC) on Oct. 8, while remaining down 4.33% over 24 hours.
The decline in Ethereum open interest suggests a cautious market sentiment, potentially reducing volatility but indicating bearish expectations. Ethereum open interest drops 11.7% to lowest level since June 2026.
Ethereum's prolonged consolidation beneath resistance has pushed the asset lower, sending it toward $2.42K. The breakdown has weakened short-term structure, while the broader recovery now depends on buyers defending the support areas below.
The token was down 6.59% over 24 hours as of 1:23 p.m. ET on Oct. 8.
Ether fell below the key price level around 11:18 a.m. ET (15:18 UTC) Thursday as long-position liquidations dominated the market-wide total.
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Ether was down 5.45% over 24 hours, while long liquidations reached $109.24 million across three major exchanges.
Ether fell 2.90% from $2,508 to $2,435 during the same hour, with total liquidations reaching $111.43 million.
The remaining position had an entry price of $2,626.94 and a liquidation price of $2,466.95 as Ether traded near $2,487.
The liquidation occurred at $2,496 at 12:18 a.m. Korea Standard Time on Oct. 9, or 11:18 a.m.