On October 7, iShares Ethereum Trust ETF fell 5.11% in regular trading, trading at $57.785 per share, with turnover of $239 million. The decline occurred as Ethereum pulled back from its recent historic high around $2,720, with spot prices retreating toward the $2,600 level and triggering a broad sell-off across Ethereum-linked ETF products.

Market data showed approximately $239 million in total liquidations over the prior 24 hours, with Ethereum long positions accounting for over $16 million in forced exits. A large whale address holding over 16,000 ETH in short positions added to bearish sentiment. Meanwhile, Ethereum staking exit queues remained elevated at 767,000 ETH, keeping short-term supply-side pressure on the market.

Technical indicators suggested that if ETH were to break below $2,584, cumulative long liquidations on major centralized exchanges could reach $887 million, amplifying downside risk. The combination of leverage unwinding, persistent staking exits, and a high-level technical correction weighed heavily on the iShares Ethereum Trust ETF during the session.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)