Ethereum Price falls 6% as hot CPI triggers $106M wipeout

Ethereum price has fallen nearly 6% to approximately $2,350 on October 15, after stronger-than-expected U.S. inflation data triggered heavy selling and more than $106 million in leveraged ETH long positions were liquidated on Binance within one hour. Summary Ethereum price fell nearly 6% as hotter U.S. inflation triggered heavy selling across cryptocurrency markets Thursday. CryptoQuant analyst Darkfost reported $106 million in Binance Ethereum long liquidations within one hour Wednesday. September U.S. consumer prices increased 0.6% monthly, while annual inflation reached 3.7%, government data showed. Ethereum spot ETFs showed provisional October 14 outflows, although several individual fund readings remained unavailable. Daily Ethereum indicators showed RSI near 34, with traders monitoring potential support around $2,300 closely. CryptoQuant analyst Darkfost reported that the liquidation event followed Wednesday’s Consumer Price Index (CPI) release, which showed U.S. inflation accelerating in September. He described the selloff as Binance’s largest hourly Ethereum long liquidation event in six months. The analyst linked the heavy trading losses to increased leverage and concerns ...