Ethereum price prediction: Can $2,300 stop another liquidation cascade?

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ETH slides as liquidations near $1 billion

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Mykhailo Ihnatenko

Yesterday

Ethereum price prediction: Can $2,300 stop another liquidation cascade? — Ethereum tests deeper support as liquidations approach $1B

Crypto markets are under heavy pressure again, with a macroeconomic shock this time colliding with another large-scale unwind of leveraged positions. Signs of a durable stabilization remain scarce, leaving the risk of further deleveraging firmly in place.

ETH price prediction

24H 0.84%

$2,434.54

48H 1.82%

$2,458.3

7D -0.96%

$2,391.02

1M 3.75%

$2,504.83

3M -20.57%

$1,917.56

6M -38.51%

$1,484.53

12M -22.95%

$1,860.23

Detailed

Current price: $2,414.28 -24.49 1.00%

Real-time Data 18:12

Daily range 2424.51

2494

Weekly range 2318.00

2579.88

Another major liquidation wave has swept through crypto. According to CoinGlass, roughly $972.44 million in positions were liquidated over the past 24 hours, with longs accounting for about $891.74 million, more than 90% of the total.

That imbalance shows the market is still working through excess leverage. It is too early, however, to assume the process is complete. If Ethereum and other major assets fail to stabilize after the latest selloff, another leg lower could trigger a fresh cascade of forced closures.

Institutional flows have also deteriorated again. After a modest inflow the previous day, U.S. spot Ethereum ETFs recorded $129.5 million in net outflows on October 14.

The selloff coincided with the release of September U.S. CPI. Headline inflation accelerated to 3.7% year over year, above expectations of 3.6% and up from 3.4% in August. On a monthly basis, prices rose 0.6%, compared with 0.4% a month earlier. Gasoline was a major contributor, climbing 9.1% over the month.

ETH needs to stabilise above $2,350 to avoid deeper losses

The previous analysis warned that another liquidation wave remained a serious risk, and that scenario has now played out. Ethereum failed to establish a hold above $2,560, while selling accelerated sharply after the CPI release.

ETH reached the $2,350 target and briefly traded as low as $2,318. If buyers cannot stabilize the price within the $2,350–2,400 zone, the risk of a deeper decline toward $2,200 will increase substantially.

At a minimum, a short-term recovery would require ETH to reclaim $2,350 and hold above it. That could ease immediate selling pressure and bring $2,450 into focus as the next upside target.

Until such stabilization appears, the risk of another liquidation cascade remains elevated.

Hot inflation forces another retreat from high-risk assets

The post-CPI selloff was not confined to crypto. The S&P 500 fell 1.1%, while the Nasdaq dropped 1.9%, with richly valued and rate-sensitive technology stocks coming under particularly heavy pressure. Over the past six sessions, the semiconductor sector has been on track to lose more than $1 trillion in market capitalization.

Crypto liquidations, meanwhile, approached the $1 billion mark. The hotter CPI print also forced investors to rethink the Federal Reserve outlook: market-implied odds of an October rate hike jumped from roughly 20% to around 45% after the release, while the possibility of two additional hikes before year-end began to be priced more seriously again.

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