ETH price nudges into a potential buy range of $1,935‑$2,075 as liquidations subside, while a move above $2,400 would confirm a bullish reversal ahead of the Glamsterdam upgrade.

Ethereum (ETH) rallied 1.3% in the last 24 hours, pushing the token back into a technical buy zone after a sharp drop triggered by the recent Binance hack. The crypto market saw more than $6 billion stolen from the exchange, sparking a cascade of long liquidations worth $1.7 billion over two days. As market makers unwound hedges, ETH fell sharply before finding support near $2,075‑$1,935, a range analysts consider a “hot” buying area.

Liquidity crunch and price reaction

• The Binance breach caused a market‑wide decline and massive futures‑market liquidations.
• Long positions were liquidated at $1.7 billion, amplifying short‑term price swings.
• A lower wick on the daily chart shows buying pressure re‑emerging at the $2,000 level.

Macro backdrop recedes

• The Federal Reserve left rates unchanged, easing concerns over immediate monetary tightening.
• With the next FOMC meeting in early December, traders expect a possible 25‑bp hike later in the year.
• If rate‑hike odds fall, crypto assets could see additional upside.

What traders are watching

• A clear break above $2,400 would validate a bullish reversal and set the stage for the upcoming Glamsterdam upgrade.
• Failure to hold $2,075 could trigger further downside toward $1,800.
• Upcoming data: Fed’s December policy decision and any new developments around the Binance hack resolution.

Related news

• Bitcoin white paper marks 18 years, small firms still foot bailouts
• FBI confirms north korea's role in $6 billion binance hack, asks defi community to block btc, eth, sol addresses
• Binance covers 90% of hack losses and aims to resume withdrawals on Sunday
• Market overview – 1 November 2026

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This article is compiled from international market news for information only. It is not investment advice.