Ethereum Falls to $1,900 as $224M Long Liquidations, TVL Drop to 10-Month Low Signal Weakness

Ethereum fell to $1,900 and triggered $224 million in long liquidations within 48 hours, down 14% over the last 10 days, Cointelegraph reports. On-chain data show total value locked decreased to $51 billion, the lowest level since May 2025, while 30-day network fees dropped to $13.7 million versus an average of $33 million at the end of 2025. U.S.-listed Ethereum ETFs recorded $405 million in net outflows since February 11, reducing total assets under management to $12.4 billion, and the options market put/call volume premium rose to 2.2 times. Analysts said Ethereum is likely to remain under pressure until these derivative metrics stabilize.