ETH Price Plunges 10% Amid $2.7B Liquidations, Whale Moves and Vitalik Buterin Sales

Ethereum (ETHUSDT) experienced a significant price decline over the past 24 hours, falling 10.23% from a 24-hour open of 2,126.05 to the current Binance price of 1,908.56. This drop is primarily attributed to intensified bearish sentiment, widespread market liquidations totaling $2.71 billion, major whale activity involving large ETH liquidations on Spark, and selling by notable holders including Ethereum co-founder Vitalik Buterin. Technical indicators, including oversold readings in the RSI and stochastic oscillator, reflect strong selling pressure and momentum loss, further exacerbated by rejection from key resistance zones and distribution by larger investors. Trading activity remains elevated, with Ethereum showing substantial 24-hour volume and ongoing price volatility, while its market capitalization continues to rank #2 among cryptocurrencies.