A recent cascade of liquidations exceeding $1 billion in leveraged positions dragged down the crypto market. Technically, $ETH lost the key support of its 200-day moving average located near $2,155.
The $ETH ecosystem suffered a reduction of nearly 19% in its stablecoin and tokenized fund market, losing tens of billions of dollars in liquidity.
If the price fails to hold the psychological barrier of $2,050 – $2,100, the next relevant floor sits near the August lows around $1,874.
#CPITestsDecemberRateOutlook
The $ETH ecosystem suffered a reduction of nearly 19% in its stablecoin and tokenized fund market, losing tens of billions of dollars in liquidity.
If the price fails to hold the psychological barrier of $2,050 – $2,100, the next relevant floor sits near the August lows around $1,874.
#CPITestsDecemberRateOutlook
