Ethereum falls 15.5% in 5 days... long traders lose $19.86 million

Ethereum fell 15.5% over five days, dropping to an intraday low of $2,070 from around $2,450 near last week's U.S. midterm elections, with the price hovering just above $2,100 and down more than 5% in 24 hours at the time of reporting. A single trader on Hyperliquid lost $19.86 million across two long positions betting on ETH upside. The broader crypto market has weakened since the late-October Binance hack, with volatility picking up around the midterms. ETH broke through $2,200 and then below $2,100 during the session. Traders will watch whether ETH holds the $2,100 level and whether liquidation-driven selling from leveraged longs accelerates.