ETH is the weakest major this morning: -4.3% in 48h, sitting near $2,144.
Touched a low of $2,060 early Monday (KuCoin report)
$358M of ETH longs liquidated in 4 hours, more than BTC's $233M (Coinglass via Odaily)
Reuters: ETH hit its lowest since August
Fed Dec hike odds now 77%, and US CPI lands Tuesday
ETH is the high-beta leg of this sell-off. If $2,000 breaks, forced selling gets louder. If it holds, this looks like a leverage flush.
Does $ETH hold $2,000 through Tuesday's CPI, yes or no?
Not financial advice.
#ETH #Ethereum #CPI #CryptoMarket
Touched a low of $2,060 early Monday (KuCoin report)
$358M of ETH longs liquidated in 4 hours, more than BTC's $233M (Coinglass via Odaily)
Reuters: ETH hit its lowest since August
Fed Dec hike odds now 77%, and US CPI lands Tuesday
ETH is the high-beta leg of this sell-off. If $2,000 breaks, forced selling gets louder. If it holds, this looks like a leverage flush.
Does $ETH hold $2,000 through Tuesday's CPI, yes or no?
Not financial advice.
#ETH #Ethereum #CPI #CryptoMarket
