If ETH falls another 2.3%, it will trigger the liquidation of nearly $100 million in long positions held by “Machi”

A quick look at the impact: The news is somewhat negative and could easily trigger risk aversion in the short term. The key is how well support below holds.
$ETH Current price: 2568.96; 24-hour range: 2538.06–2596.52.

#ETH

Personal observations only; not financial advice.