#ETHdropsbelow2400usdt
📉 Ethereum ($ETH ) is currently experiencing sharp volatility, having fallen below the critical level of 2,400 USDT, down more than 2%!
$ETH
The market is now at a crossroads, with high leverage use. Any sharp move in either direction threatens to trigger widespread liquidations in specific areas.
According to derivatives tracking platform Coinglass, the market is heavily crowded with leveraged positions on both sides, making the current zone highly volatile.
Coinglass indicates that if ETH reverses and rises above 2.537 USD, short position holders could suffer losses of up to 862 million USD.
On the other hand, if it falls below 2.296 USD, long position holders could also lose 475 million USD.
⁉️ What should traders do?
Hold on to your positions and be prepared. If your side is at risk of losses, it’s best to get your shields ready! ⚠️
Please follow
And also keep an eye on $ICNT
📉 Ethereum ($ETH ) is currently experiencing sharp volatility, having fallen below the critical level of 2,400 USDT, down more than 2%!
$ETH
The market is now at a crossroads, with high leverage use. Any sharp move in either direction threatens to trigger widespread liquidations in specific areas.
According to derivatives tracking platform Coinglass, the market is heavily crowded with leveraged positions on both sides, making the current zone highly volatile.
Coinglass indicates that if ETH reverses and rises above 2.537 USD, short position holders could suffer losses of up to 862 million USD.
On the other hand, if it falls below 2.296 USD, long position holders could also lose 475 million USD.
⁉️ What should traders do?
Hold on to your positions and be prepared. If your side is at risk of losses, it’s best to get your shields ready! ⚠️
Please follow
And also keep an eye on $ICNT