Ethereum Plunges Below $2,400 Amid Inflation-Driven Selloff and Liquidations
Ethereum's price dropped below $2,400 as strong US inflation data triggered widespread crypto market selling and record liquidations.
Ethereum's price dropped below $2,400 as strong US inflation data triggered widespread crypto market selling and record liquidations. Ethereum (ETH) is trading at $2,371.22, down 0.2% since this brief published. This is an original TLT brief based on reporting by CoinJournal, with live market data added, as of Thu, 15 Oct 2026 09:00:05 UTC.
The decline highlights Ethereum's vulnerability to macroeconomic factors like inflation and interest rate expectations, which could continue influencing crypto markets. The significant liquidation volume also underscores the market's sensitivity to sudden price movements.
- Ethereum fell below $2,400, down 5.52% in 24 hours.
- Binance saw over $106M in ETH long liquidations in one hour.
- Key support levels are at $2,353-$2,355.
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- Ethereum Plunges Below $2,400 Amid Inflation-Driven Selloff and Liquidations — this brief
Ethereum's price dropped below $2,400 following the release of stronger-than-expected US inflation data, which unsettled crypto markets. The decline represents a 5.52% drop over the past 24 hours and a 7.40% decrease over the last seven days.
The selloff was exacerbated by macroeconomic factors including rising Treasury yields, a stronger US dollar, and increasing expectations of interest rate hikes. These factors have collectively increased pressure on risk assets like cryptocurrencies.
According to Coinfomania, Binance recorded over $106 million in Ethereum long liquidations in just one hour, marking the highest level of liquidations in six months. This surge in liquidations is directly linked to the sudden price movement caused by inflationary pressures.
Technical analysis from CoinJournal indicates that Ethereum's key support levels are currently around $2,353-$2,355. If these levels fail to hold, further downside could be expected. On the upside, resistance is expected around $2,498 and $2,548, which could challenge any recovery attempts.
The broader crypto market is also experiencing a downturn, with the total market cap at $2.79 trillion and 
Bitcoin down 2.69% in the last 24 hours. The Crypto Fear & Greed Index remains at 53, indicating a neutral market sentiment despite the recent volatility.
Since this brief published about 1 hour ago, Ethereum (ETH) has moved from $2,375.02 to $2,371.22 — -0.16%.
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 TLT'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 reach $2,600 in October?
Crowd-implied probability on Polymarket, $62.55K 24h volume, resolves Nov 1 — snapshotted when this brief published (Oct 15 08:05 UTC). A market price reflects what traders collectively expect; it is not a forecast by TLT and will have moved since. View the market ↗
At today's peer-to-peer rate, 1 ETH ≈ ₦3.24M (about $2,371.22), down 5.3% over 24 hours. The naira itself trades about 2.5% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Ethereum Plunges Below $2,400 Amid Inflation-Driven Selloff — questions & answers
What caused Ethereum's price to drop below $2,400?
Stronger-than-expected US inflation data triggered widespread selling and record liquidations, causing Ethereum's price to fall.
How much was liquidated on Binance?
Binance recorded over $106 million in Ethereum long liquidations in one hour.
What are Ethereum's key support levels?
Ethereum's key support levels are around $2,353-$2,355.
How much is 1 Ethereum worth in naira today?
About ₦3.24M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $2,371.22. The naira price moves with both ETH's US-dollar price and the USDT/NGN rate; use our Ethereum in naira page for any amount.
Has Ethereum's price moved since this brief was published?
ETH is down 0.16% since this brief first published — trading at $2,371.22 now versus $2,375.02 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from CoinJournal. 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 TLT 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.