Key insights
- Ethereum price stood at $2,075.73, down 1.9% over 24 hours.
- Ted Pillows cited $5.6 billion in short liquidations versus $570 million in longs.
- Wallet 0x5479 withdrew 10,000 ETH worth $20.89 million from Binance.
Ethereum price stood at $2,075.73 on Nov. 10, down 1.9% over 24 hours. Analyst Ted Pillows cited a gap between estimated short and long liquidations.
Separately, another projection mapped possible liquidations to Ethereum price thresholds, while a whale alert reported a Binance withdrawal after nine months of inactivity.
Ethereum price chart shows declines across several periods
CoinGecko’s 24-hour chart placed ETH crypto between $2,054.41 and $2,148.20. The line began near $2,120 at 18:00, then climbed toward its daily high.
It fluctuated overnight before trending lower after 6:00 a.m. A sharper drop appeared around noon, followed by a late rebound from near the daily low.
The chart’s latest point showed ETH at $2,075.73. The return panel listed declines of 1.3% over one hour and 1.9% over 24 hours. Ethereum price also fell 9.3% over seven days and 11.3% over 14 days.
Losses reached 17.3% over 30 days and 42.5% over one year. The chart timeline covered the period from 18:00 on the prior day through 15:00 on Nov. 10.
CoinGecko listed Ethereum’s market capitalization and fully diluted valuation at $254.089 billion each. Twenty-four-hour trading volume stood at $11.318 billion, while perpetual futures open interest reached $26.605 billion.
Circulating and total supply each measured 122.207 million ETH. The page listed maximum supply as unlimited and total treasury holdings at 8,147,667. ETH also traded at 0.02802 BTC, down 1.8%.
ETH crypto liquidation estimates set conditional price levels
Against that ETH crypto market data, Pillows cited $5.6 billion in short liquidation exposure and $570 million in long exposure.
He described the nearly tenfold difference as rare. Pillows said Ethereum price showed the opposite pattern when it traded around $2,800. He added that Ethereum price had fallen 26% from that level.
A separate liquidation estimate tied potential short liquidations to a move above $2,450. It put $4.5 billion in shorts at risk under that scenario. The same estimate placed $650 million in long positions at risk if ETH crypto fell below $1,850.
It described the upside liquidation pool as seven times larger than the downside pool. The accompanying post characterized a short squeeze as inevitable under those conditions.
The two posts presented different liquidation figures. Pillows compared short and long exposure amounts, while the separate estimate tied potential liquidations to specific price thresholds. Neither post reported those projected liquidations as completed events.
Binance withdrawal follows nine months of inactivity
Meanwhile, wallet 0x5479 withdrew 10,000 ETH from Binance about one hour before the alert. The alert valued the transfer at $20.89 million and noted nine months of inactivity beforehand. The report did not establish why the wallet moved the ETH or confirm a plan to hold it long term.
Earlier, Pillows described ETH as consolidating around support and said it could rise toward $2,350–$2,400. The Coin Republic reported that forecast. However, ETH later failed to hold the preferred support area.
Bitcoin ETFs saw $412 million in outflows on Nov. 6, while Ethereum ETFs lost $93 million, marking a second straight day of outflows for both. As of Nov. 9, Ethereum ETFs lost $184.51M, a negative signal.
This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency prices are volatile, and readers should conduct independent research before making investment decisions.
