ETH Plummets to $1,945 as $296M in Trades Liquidate Overnight

Jordan Hartwell

Published: February 11, 2026 9:50 PM ET

ETH Plummets to $1,945 as $296M in Trades Liquidate Overnight

Ethereum has experienced a significant decline, with its price dropping to $1,945 in the past 24 hours. This steep fall has resulted in over $296 million worth of liquidations among traders, affecting a total of 105,052 positions.

Liquidation Events in Ethereum Trading

The recent drop in Ethereum’s value prompted a wave of liquidations. The largest single liquidation occurred on the Bitget exchange, closing an ETH position valued at $8.2 million. The substantial trading volume accompanying the price drop has particularly impacted overleveraged positions.

Market Performance and Support Levels

Ethereum fell by 3.59% in a single day.
It has seen a decline of 14.39% over the past week.

Currently, Ethereum is testing a critical short-term support zone. Chart data indicates levels around $1,999.93 and $2,033.24 based on the Fibonacci retracement. If the price continues to decline, the next substantial support area is projected between $1,821 and $1,932.

Shift in Ethereum Holdings

A noteworthy trend has emerged among large Ethereum holders. For the first time in seven months, wallets that contain over 1,000 ETH have reduced their overall share below 75% of the total supply. This change indicates a potential exit of large holders from the market.

Increased Control by Smaller Wallets

Addresses holding between 1 and 1,000 ETH now represent over 23% of the total supply.
Wallets with less than 1 ETH have reached a record 2.3% of the total supply.

This shift suggests a growing influence of smaller investors in the Ethereum market. Analysts indicate that increased staking activity may be a contributing factor to this trend, as more smaller wallets now hold a significant portion of Ethereum’s supply.

As the cryptocurrency market navigates these turbulent times, it remains essential for investors to track developments closely, remaining informed to make prudent decisions.

Disclaimer: The information presented by Filmogaz.com is intended for general market commentary and should not be construed as investment advice. We recommend conducting thorough research before making any investment decisions.