Ether dropped about 7% to roughly $2,100, causing $144 million in long liquidations and contributing to $492.8 million in total crypto liquidations over 24 hours. Key technical levels: 50-day SMA near $2,100 and triangle support around $2,000; resistance near $2,575 (100-day SMA) and a measured triangle target near $2,700. A break below $2,000 could trigger more than $2.5 billion of additional long liquidations. The decline followed the FOMC decision to hold rates and coincided with $55.5 million in spot ETH ETF outflows; Bitmine Immersion Technologies bought 60,999 ETH and now holds ~4.6 million ETH (~3.81% of supply).

ETH’s ~7% drop to ~$2,100 caused $144M in long liquidations and was part of $492.8M total 24h crypto liquidations; the story identifies concrete technical levels (50-day SMA ≈ $2,100, triangle support ≈ $2,000) and quantifies >$2.5B of potential additional long liquidations if $2,000 breaks, plus contemporaneous $55.5M spot ETH ETF outflows and a large 60,999 ETH purchase by Bitmine — all facts that directly affect short-term trading risk and positioning.