Ethereum (ETH) Price: ETH Hits a Make-or-Break Trendline as $880 Million in Longs Get Wiped Out

TLDR Ethereum is trading near $2,361 on Oct. 15, down about 2.3% on the day after dropping as low as $2,316.74. ETH is testing a rising trendline from the June lows, with the next support zone at $1,850-$1,950 if it breaks. Daily RSI sits at 34.36 and MACD is negative at -39.12, showing bearish momentum. U.S. spot ETH ETFs saw $19.7 million in net outflows on Oct. 14, and about $715 million has left since Oct. 1. Crypto liquidations hit $959.43 million in 24 hours, with $879.71 million from longs. Ethereum is trading around $2,361 on the Oct. 15 Binance daily chart. The price is down roughly 2.3% after a sharp selloff pushed it back toward a rising trend support line.

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