Ethereum dropped more than 11% on Tuesday, briefly touching $3,060 before recovering to around $3,206. The decline marked ETH's steepest weekly fall since April 2025, with leveraged market liquidations exceeding $655 million—mostly from long positions.

Ethereum fell 5% to approximately $3,754 on Thursday, retesting a critical support zone above $3,700. The decline triggered over $218 million in liquidations from leveraged positions. Analysis shows heightened short interest and capital rotation from Bitcoin may signal a potential reversal.