macro

ETHUSD: breakouts at $2,537 or $2,296 could trigger hundreds of millions in liquidations

TradingView outlines possible ETHUSD liquidations near $2,537 and $2,296, plus comments from Raoul Pal and Vitalik Buterin on Ethereum's risks and fees.

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what happened

According to TradingView, a move above $2,537 could force up to $862M of short positions to close on major centralised exchanges. A decline below $2,296 could liquidate as much as $475M of longs. The figures refer to ETH spot CFDs.

Raoul Pal argues Ethereum looks cheap against the dollar. He also raised the scenario of a hypothetical network outage that could erase $1–1.5T across stablecoins, DeFi, on-chain assets, NFTs and Layer-2 networks. On-chain figures indicate Wintermute held a short of roughly $75.45M against ETHUSD on Hyperliquid.

Vitalik Buterin said zero-knowledge transactions for confidential AI workflows on zkAPI are currently expensive, and an upcoming network upgrade should lower gas fees for these operations.

why it matters

Heavy liquidation clusters near $2,537 and $2,296 could add to short-term swings in ETHUSD. Views on undervaluation and systemic risk remain analyst opinions. The TradingView summary is AI-generated, so key numbers should be checked against primary sources.

tags

instruments

ETHUSDEthereumHyperliquidWintermute

sources

  1. Key facts: ETHUSD $862M/$475M risk; Pal $1–1.5T; Wintermute $75.45M — ru.tradingview.com, 17 October 2026 at 12:00 UTC

prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.

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