Ethereum Holds Near $2,250 After a Week of Heavy Long Liquidations
A $45.3 million leveraged bullish position has emerged as nearly $300 million in ETH longs were closed over 48 hours.
A $45.3 million leveraged bullish position has emerged as nearly $300 million in ETH longs were closed over 48 hours. Ethereum (ETH) is trading at ₹2,11,604 ($2,247.78), up 0.1% since this brief published. This is an original Token Times brief based on reporting by The Cryptonomist, with live market data added, as of Sat, 07 Nov 2026 09:00:01 UTC.
The contrast between substantial leveraged liquidation losses and a comparatively modest decline in ETH highlights the resilience being cited in arguments for a market bottom. Staking demand remains a factor in the outlook near the reported $2,000 level.
- Nearly $300 million in ETH longs were liquidated over 48 hours.
- ETH fell only slightly more than 1% during the liquidation window.
- A trader made a $45.3 million leveraged bullish bet.
- ETH trades at $2,245.25 despite Extreme Fear reading 25.
The Cryptonomist reports that nearly $300 million in leveraged 
Ethereum long positions were wiped out over a 48-hour period, while ETH declined by only slightly more than 1%. The moves are being used in the debate over whether a bottom near $2,000 may be forming, with the reported live price still above that level.
The outlet also highlighted a trader who has placed $45.3 million on the bullish side of that debate through a leveraged position. The position gives visible backing to the bottoming thesis, although The Cryptonomist also noted weakening staking demand as an unresolved factor in Ethereum’s broader momentum.
Live market data show ETH at $2,245.25, up 1.21% over 24 hours and 0.19% over seven days. Its market capitalization stands at $274.36 billion. 
Bitcoin is up 0.81% over 24 hours, while the overall crypto market capitalization of $2.62 trillion is broadly flat.
The wider sentiment reading remains subdued despite those modest gains: the Fear & Greed index is at 25, which places the market in Extreme Fear. Attention will center on whether ETH can remain above the reported $2,000 area, whether leveraged long liquidations continue, and whether staking demand stabilizes.
Since this brief published about 6 hours ago, Ethereum (ETH) has moved from ₹2,11,365.99$2,245.25 to ₹2,11,604.16$2,247.78 — +0.11%.
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). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
Will Ethereum dip to $2,200 in November?
Crowd-implied probability on Polymarket, ₹10.04M 24h volume, resolves Dec 1 — snapshotted when this brief published (Nov 7 07:05 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 ≈ ₹223,642.87 (about $2,247.78), up 1.0% over 24 hours. The rupee itself trades about 5.7% 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 assets in this story — live, source-stamped, updated every 15 minutes.
Ethereum Holds Near $2,250 After a Week of Heavy Long Liquid — questions & answers
How much in Ethereum longs was liquidated?
The Cryptonomist reports that nearly $300 million in long positions were liquidated over 48 hours.
How large is the bullish leveraged bet?
The outlet identifies a $45.3 million leveraged position backing the bullish side of the ETH bottom debate.
Where is Ethereum trading amid the liquidations?
ETH is priced at $2,245.25, up 1.21% over 24 hours and 0.19% over seven days.
How much is 1 Ethereum worth in rupee today?
About ₹223,642.87 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $2,247.78. 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 up 0.11% since this brief first published — trading at ₹2,11,604 ($2,247.78) now versus ₹2,11,366 ($2,245.25) 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 The Cryptonomist. 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.