$1.1B in Longs Wiped as ETH Crashes Below $3.3K, Erasing 2025 Gains

The crypto market crash continues in full force, led by BTC’s brief dip below $100,000 for the first time since June and ETH’s massive ￰0￱ fact, the second-largest cryptocurrency has now turned negative for the year as it dropped below $3,300 to mark a new multi-month low. BREAKING: Ether falls below $3,400 and officially erases all 2025 ￰1￱ is now red on the ￰2￱ — The Kobeissi Letter (@KobeissiLetter) November 4, 2025 It was just 36 hours ago when ETH stood above $3,900 and analysts were speculating whether it had the potential to break past $4,000 once again. However, the subsequent rejection and the broader market’s crash resulted in a massive nosedive to $3,250.

This became Ethereum’s lowest price point since mid-July. Moreover, the asset is now deep in the red on a YTD ￰3￱ Martinez outlined what he believes is ETH’s worst-case scenario for the foreseeable ￰4￱ noted that if the asset fails to reclaim $4,000, which seems like a distant dream as of press time, it could further drop to $2,400 and even $1,700. The worst-case scenario: Ethereum $ETH fails to reclaim $4,000, breaks through $3,800 support, and drops to $2,400 or $1,700. pic.

twitter. com/oKK5VbVRd0 — Ali (@ali_charts) November 4, 2025 ETH’s plunge has resulted in more than $375 million in longs liquidated on a 24-hour ￰5￱ total wrecked positions for all cryptocurrencies have skyrocketed to $1.3 billion, with $1.1 billion being from ￰6￱ data shows that more than 340,000 over-leveraged traders have been liquidated, with the single-largest position taking place on ￰7￱ was worth a whopping $48 ￰8￱ dipped below $100,000 minutes ago as well, which prompted analysts to call it the beginning of the bear ￰9￱ far, though, the asset has managed to defend that level and stands inches above $101,000.