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ResolvedCrypto

Ethereum Dips Below $2,000 as $1.4 Billion in Longs Liquidated

First Detected: Jun 2, 2026, 10:16 PM
Last Update: 3 months ago
1 articles·1 stories

Event Summary

Ethereum's price fell below $2,000 as liquidations in the crypto market accelerated to $1.4 billion. Meanwhile, Ethereum Foundation President Aya Miyaguchi discussed a new mandate amid increasing internal tensions. While analysts forecast a potential surge for Ethereum following unprecedented Bitcoin liquidations, the cryptocurrency faces the risk of losing the key $1,800 support due to weakening demand. However, Ethereum whales are increasing their holdings, with Bitmine purchasing 25,000 ETH as the price drops.

Timeline

Ethereum Retail Accumulation Hits Record High as Whales Offload Positions
Jun 4, 2026, 6:25 AMImpact: 4

Price Impact

Since event start
ETH+31.03%
BTC+16.91%