Leveraged positions at key price points could trigger significant market volatility, influencing Ethereum's price dynamics and trader strategies. Largest cluster of net long Ethereum positions sits at $2,538.
Across Binance, Bybit and OKX, total liquidations reached $21.58 million as Ether fell 0.89% during the same hour.
Fidelity's move to broaden access to its tokenized fund could democratize investment opportunities, impacting the DeFi landscape significantly. Fidelity explores wider access to its Ethereum tokenized money market fund.
Blast, a once-buzzy Ethereum Layer 2 network, is set to shut down later this month after a dramatic decline in activity left the scaler too costly to maintain.
Once home to more than $2 billion in crypto assets, Blast is shutting down as activity fades, costs rise, and bigger platforms like Coinbase and Robinhood build networks of their own.
The price was up 0.32% over 24 hours at 1:41 a.m. ET on Oct. 3 (05:41 UTC).
The price was $2,702 15 minutes earlier and was down 0.94% over the past hour.
Long positions accounted for $12.91 million of the total as Ether fell 1.43% to $2,707.
Ethereum is trading around $2.75K after holding a multi-week consolidation above $2.4K. The broader structure remains constructive, but ETH is now pressing into an important resistance area where the reaction could determine whether the current advance extends toward the next major supply zone.
The estimated wait to withdraw from staking reached 14.77 days. Jiang Zhuoer said some long-term holders consider Ether's current price high and need to sell to lock in profits.
The Ethereum Foundation and Open Anonymity Project launched zkAPI on Ethereum mainnet on October 1.
Fraudsters drained more than 766 ETH—valued by the community at roughly $2 million—by launching a counterfeit Ethereum Layer 2 that posed as GIWA before the real network ever went live.