Ethereum Drops Below $2,400 Amid Inflation-Driven Sell-Off and Liquidations
Ethereum's price fell below $2,400 as US inflation data triggered market volatility and significant long liquidations.
Ethereum's price fell below $2,400 as US inflation data triggered market volatility and significant long liquidations. Ethereum (ETH) is trading at $2,370.70, down 0.2% since this brief published. This is an original Token Times brief based on reporting by CoinJournal, with live market data added, as of Thu, 15 Oct 2026 08:45:01 UTC.
The decline reflects broader market sensitivity to macroeconomic indicators, with inflation data directly impacting investor sentiment and triggering substantial liquidations. This highlights Ethereum's vulnerability to both economic data and leveraged trading positions.
- Ethereum price dropped 5.3% in 24 hours to below $2,400.
- Binance saw over $106M in ETH long liquidations in one hour.
- US inflation data fueled market uncertainty and selling pressure.
- Bitcoin and Ethereum Plunge on Hot CPI Data, Triggering $1 Billion in Crypto Liquidations
- Ethereum Drops Below $2,400 Amid Inflation-Driven Sell-Off and Liquidations — this brief
Ethereum's price dropped below the $2,400 mark following the release of stronger-than-expected US inflation data, which unsettled crypto markets. The cryptocurrency was trading at $2,375.02, representing a 5.52% decline over the past 24 hours and a 7.40% drop over the last seven days.
The market reaction to the inflation data was pronounced, with higher Treasury yields, a stronger US dollar, and rising expectations of interest rate hikes adding to the downward pressure on Ethereum. These macroeconomic factors have made riskier assets like cryptocurrencies less attractive to investors.
According to Coinfomania, Binance recorded over $106 million in Ethereum long liquidations in just one hour, the highest in six months. This surge in liquidations is directly linked to the market's reaction to inflationary pressures, indicating significant leverage in the market that was wiped out by the sudden price movement.
Support levels for Ethereum are currently around $2,353-$2,355, as reported by CoinJournal, while resistance is expected at $2,498 and $2,548. These levels will be crucial for determining the extent of Ethereum's recovery in the near term.
The broader crypto market is also experiencing a downturn, with the total market cap at $2.79 trillion and 
Bitcoin down 2.69% in the last 24 hours. The Fear & Greed Index stands at 53, indicating a neutral sentiment despite the recent volatility.
Since this brief published about 53 minutes ago, Ethereum (ETH) has moved from $2,375.02 to $2,370.70 — -0.18%.
The chart plots ETH's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution; intraday detail builds over the first day). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
Will Ethereum reach $2,600 in October?
Crowd-implied probability on Polymarket, $62.55K 24h volume, resolves Nov 1 — snapshotted when this brief published (Oct 15 08:05 UTC). A market price reflects what traders collectively expect; it is not a forecast by Token Times and will have moved since. View the market ↗
At today's peer-to-peer rate, 1 ETH ≈ ₹247,370.69 (about $2,370.70), down 5.3% over 24 hours. The rupee itself trades about 9.5% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 15, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Ethereum Drops Below $2,400 Amid Inflation-Driven Sell-Off a — questions & answers
What caused Ethereum's price to drop below $2,400?
Ethereum's price dropped due to stronger-than-expected US inflation data, which increased market volatility and triggered selling pressure.
How much was liquidated on Binance in Ethereum longs?
Binance recorded over $106 million in Ethereum long liquidations in one hour.
What are the key support and resistance levels for Ethereum?
Support is around $2,353-$2,355, while resistance is at $2,498 and $2,548.
How much is 1 Ethereum worth in rupee today?
About ₹247,370.69 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $2,370.70. The rupee price moves with both ETH's US-dollar price and the USDT/INR rate; use our Ethereum in rupee page for any amount.
Has Ethereum's price moved since this brief was published?
ETH is down 0.18% since this brief first published — trading at $2,370.70 now versus $2,375.02 at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from CoinJournal. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.