Monday, September 28, 2026Get the morning email

The Likely

The news, and what's likely next.

Economy

Ether slides below $2,700 as derivatives liquidations hit $111.70 million

By The Likely · Updated Sep 28, 5:24 PM ET · Drawn from 3 sources · Written by AI, checked against sources

Ether fell more than 3% below $2,700 on September 24 after encountering resistance near $2,786. Derivatives liquidations totaled $111.70 million over 24 hours, with $97.6 million coming from long positions.

Why it mattersLiquidations of long positions can add selling pressure following failed attempts to clear overhead resistance.

Ethereum reaching $3,000 by Dec 31, 2027Very likely90%

How we got here

  1. ETH reached $2,807 and then closed at $2,776. 247Wallst
  2. ETH hit $2,788 before closing down at $2,684. 247Wallst
  3. ETH fell over 3% below $2,700 as $111.70 million in derivatives positions were liquidated. Invezz

What's likely next

  1. Ethereum client teams were expected to release Sepolia-ready software, according to CoinDesk’s September 18 report.
  2. Glamsterdam’s next listed milestone was the Sepolia public testnet fork; this is a testnet date, not a confirmed mainnet activation.
  3. A Hoodi test was tentatively planned; developers were to decide whether to keep that date after observing the Sepolia test.
  4. Ethereum reaching $3,000Likely66%
  5. Ethereum reaching $3,000Very likely90%

All coverage

The coverage

Analysis & opinion

Something wrong or missing? Tell us.

More in Economy