Ethereum dips below $2,100 briefly

Ethereum fell below $2,100 in early trading on Wednesday, May 20, before recovering later in the session, according to Benzinga. The move came during a weaker stretch for major altcoins, with XRP and Dogecoin also trading lower. Benzinga said Ethereum was at $2,107.43 at 9:30 p.m. EDT, down 0.77% over 24 hours, while Bitcoin held in a narrower band between $76,000 and $77,000. Coinglass data cited by Benzinga showed more than $150 million in crypto positions were liquidated over the same 24-hour period. ### How far did Ethereum actually fall? CoinMarketCap’s historical data page showed Ethereum traded as low as $2,093.48 on May 19, 2026, underscoring that the market had already been testing the $2,100 area before Wednesday’s session. Benzinga reported that Ethereum then fell below $2,100 in early trading on May 20 before recovering somewhat by evening. (benzinga.com) CoinDesk’s live price page listed Ethereum at $2,127.62 as of 4:13 a.m. EDT on May 20, 2026. That reading suggested the dip below $2,100 was brief rather than a sustained break lower. ### What else in crypto was moving at the same time? Bitcoin traded between $76,000 and $77,000 during the session, Benzinga said, even as 24-hour trading volume dropped. The same report said XRP fell 2.39% to $1.35 and Dogecoin dropped 1.67% to $0.1026, pointing to broader weakness outside Bitcoin. (benzinga.com) (coindesk.com) Benzinga also said cryptocurrency-related stocks moved lower, with Strategy Inc. down 1.20% and Bitmine Immersion Technologies down 0.53%. That left Ethereum’s drop part of a wider risk-off move across digital assets and related equities during the day’s trading. ### How large were the liquidations tied to the move? (benzinga.com) Coinglass data cited by Benzinga showed more than $150 million in crypto liquidations over the past 24 hours, including $104 million in long positions. That indicates traders betting on higher prices absorbed most of the forced unwinds during the selloff. (benzinga.com) A separate Coinglass Ethereum liquidation page showed long liquidations exceeding short liquidations over 24 hours, with long liquidations at about $16.8 million and short liquidations at about $8.7 million when the page was crawled. The figures are not a full market total, but they support the same pattern of long-side pressure in Ethereum derivatives. ### Was this an isolated Ethereum event or a broader altcoin move? (benzinga.com) Benzinga framed the session as one in which Bitcoin “tread water” while Ethereum, XRP and Dogecoin weakened. CoinMarketCap’s recent daily data also showed Ethereum had been sliding from $2,280.93 on May 14 to $2,109.96 on May 19, indicating the move below $2,100 came after several days of declines rather than from a stable base. (coinglass.com) CoinMarketCap listed Ethereum’s closes at $2,223.33 on May 15, $2,179.75 on May 16, $2,127.65 on May 17, $2,128.52 on May 18 and $2,109.96 on May 19. Those sequential closes show price erosion into Wednesday’s intraday break. ### What should traders watch next? The $2,100 level is the immediate price line to watch because Benzinga identified it as the threshold Ethereum briefly lost and then regained on May 20. (benzinga.com) CoinDesk’s live tracker and CoinMarketCap’s next daily print will show whether Ethereum closes back above that level or returns to test the May 19 low of $2,093.48. (coinmarketcap.com)