Ethereum slides 6% to $2,093 to start the week

Leveraged longs got flushed, ETF outflows piled up, and ETH closed below a key trend line for the first time since mid-August Ethereum opened the week the way nobody hoped. ETH fell 6.42% to $2,093.15 early Monday. The drop matters because it did not happen in isolation. It came alongside a wave of forced selling from leveraged traders, a week of money leaving US spot Ethereum ETFs, and a technical breakdown on the weekly chart. How the slide unfolded Across November 8-9, ETH lost roughly 4.4-6.5% over a 24-hour window. That pushed its trading value into a band between $2,093 and $2,136, depending on the venue and the snapshot. Intraday lows landed somewhere between $2,063 and $2,108 across major exchanges. At one point, ETH shed around 4% within minutes. Liquidations tied to ETH positions totaled $449-462 million over 24 hours. Long positions accounted for approximately $425 million of that, or about 92% of the total. With longs making up roughly nine of every ten dollars liquidated, the picture is clear. Traders were leaning heavily toward upside, and the market made them pay for it. The ETF bid went missing The leverage flush landed on a market that was already losing institutio...