Ethereum News Today: Ethereum Plunges 1.95% Below $3600 as Liquidation Risks Rise

Generated by AI AgentCoin World
Wednesday, Jul 23, 2025 10:23 am ET1min read
ETH
--
Aime RobotAime Summary

- Ethereum (ETH) fell below $3,600 on July 22, marking a 1.95% 24-hour decline and breaking a key psychological threshold after weeks of consolidation between $3,600 and $3,850.

- The drop triggered $1.79B in long-position liquidations on major exchanges, with a $3M ETH trader facing forced liquidation risks as prices dipped below $3,700.

- Analysts highlighted a $4,000 sell wall as a major barrier to upward movement, while whale activity targeted overleveraged longs, signaling shifting institutional strategies.

- Despite a 24% weekly gain, proximity to $3,600 amplified leverage risks amid macroeconomic uncertainties, with key resistance levels at $3,600 and $4,000 poised to dictate ETH's next phase.

Ethereum (ETH) fell below $3,600 on July 22, marking a 1.95% decline over the past 24 hours and breaking a key psychological threshold that had been a focal point for traders and analysts [1]. The price drop came after weeks of consolidation between $3,600 and $3,850, a range where ETH had previously surged over 80% since January 2025 [6]. The move triggered a spike in liquidation activity on major centralized exchanges, with $1.79 billion in long positions at risk as the market grappled with renewed downward pressure [2]. A trader holding $3 million in ETH also faced heightened exposure as the price dipped below $3,700, raising concerns about potential forced liquidations [8].

Analysts observed a $4,000 price level as a significant barrier to upward movement, with a sell wall—accumulated orders to sell—potentially deterring buyers from pushing the asset higher [9]. Despite the recent decline, Ethereum’s weekly performance remained positive, with a 24% gain recorded as of July 22 [4]. However, proximity to the $3,600 level has amplified leverage risks, as traders remain cautious amid macroeconomic uncertainties. Whale activity further complicated the market dynamic, with large holders reportedly targeting overleveraged long positions as ETH slid below $3,700, signaling a shift in institutional strategy [5].

The broader crypto market context highlights Ethereum’s role as a bellwether for sector-wide trends. While its price action reflects heightened volatility, the lack of decisive momentum has prompted a wait-and-see approach among traders. A sustained break below $3,600 could deepen bearish sentiment, while a rebound above $3,800 might reignite buying interest. Analysts caution that key resistance levels at $3,600 and $4,000 will be pivotal in determining the next phase of Ethereum’s trajectory.

Source:

[1] [Ethereum Drops Below $3600](https://news.moomoo.com/flash/20737182/ethereum-drops-below-3600)

[2] [If ETH falls below $3600, the liquidation intensity of long positions on major CEXs reaches 1.79 billion](https://www.binance.com/en/square/post/27322004432097)

[4] [Ethereum (ETH) Drops 2% to $3650 After Reaching $3850 Peak](https://www.ainvest.com/news/ethereum-news-today-ethereum-drops-2-3-650-reaching-3-850-peak-2507/)

[5] [Ethereum (ETH) Slips as Whales Hunt Overleveraged Longs](https://cryptopotato.com/ethereum-eth-slips-as-whales-hunt-overleveraged-longs-below-3-7k/)

[6] [Ethereum Adoption Accelerates As Daily Transactions Set 2025 Record](https://www.tradingview.com/news/newsbtc:ea803c661094b:0-ethereum-adoption-accelerates-as-daily-transactions-set-2025-record/)

[8] [Ethereum (ETH) Price Dips Below $3700, Major Trader at Risk](https://blockchain.news/flashnews/ethereum-eth-price-dips-below-3-700-major-trader-risks-liquidation-with-nearly-3m-in-losses)

[9] [Ethereum Price Faces Huge Sell Wall to Block $4000 Push](https://www.thecoinrepublic.com/2025/07/22/ethereum-price-faces-huge-sell-wall-to-block-4000-push/?amp)