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Ethereum falls below $2,600.

BlockBeats news, October 7th, according to HTX market data, Ethereum fell below $2,600, with a 24-hour decline of 3.84%.

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On-Chain Activity

1h ago

A whale holds $352 million in BTC and ETH long positions on Hyperliquid, with current unrealized profit of $2.66 million.

3h ago

Suspected entity added 110 million "Lobster" today, worth about $7.01 million.

3h ago

TRUMP whale down $9.39M unrealized loss over a year, position value shrinks 81.3% from purchase price.

6h ago

A whale sold $1.9 million worth of LINK, seemingly to "rescue a position" with 8x leverage on CRCL.

24H Important News

2026-10-07

Hyperliquid whale builds $23 million XYZ100 short position within 15 hours.

The "garbage L2s" are being phased out, and Ethereum's value capture logic is expected to return.

Tom Lee: S&P 500 valuations are becoming cheap, Q3 earnings growth may approach 30%.

U.S. pre-market crypto-related stocks broadly declined, with BMNR falling 4.35%.

Correction/Report

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