๐จ Ethereum Faces Heavy Liquidations!
Ethereum took a big hit as around $283 million in $ETH positions were liquidated within 24 hours. ๐ณ
๐ $ETH
dropped toward the $2,350โ$2,370 zone after higher-than-expected US inflation increased selling pressure.
โ ๏ธ Most liquidations came from LONG positions, showing how risky leveraged trading can be when prices fall.
๐ Whatโs next for ETH?
Bulls need strong buying pressure for a recovery.
More selling could push ETH lower.
High volatility may cause further liquidations.
๐ฌ What do you think? Will ETH recover or drop further?
#Ethereum
#ETH #CryptoMarket #Liquidations
Ethereum took a big hit as around $283 million in $ETH positions were liquidated within 24 hours. ๐ณ
๐ $ETH
dropped toward the $2,350โ$2,370 zone after higher-than-expected US inflation increased selling pressure.
โ ๏ธ Most liquidations came from LONG positions, showing how risky leveraged trading can be when prices fall.
๐ Whatโs next for ETH?
Bulls need strong buying pressure for a recovery.
More selling could push ETH lower.
High volatility may cause further liquidations.
๐ฌ What do you think? Will ETH recover or drop further?
#Ethereum
#ETH #CryptoMarket #Liquidations