Ethereum continued its upward momentum, reaching a local peak of $2385, before experiencing a slight pullback to $2317 at the time of this report. The altcoin’s ongoing ascent triggered significant liquidations of futures positions. In a striking turn of events, more than $136 million in short positions faced liquidation, contrasted by $39 million in long … Read more
Ethereum has been trading within a narrow range recently. In the past 90 days, ETH has experienced a significant corrective phase, recently tightening into a narrow range between approximately $1,930 and $2,150. This kind of range-bound structure typically suggests that the market is trying to establish a floor following a tumultuous beginning to the year. … Read more
The broader cryptocurrency market faced a notable decline, leading to a reduction of over $2 billion in market capitalisation and triggering liquidations that surpassed $470 million. Amidst market volatility, altcoins experienced considerable declines, with Ethereum leading the way in these losses. As a result, Ethereum broke through the lower boundary of its consolidation range, hitting … Read more
Ethereum remains under the crucial $2,000 threshold, showcasing ongoing market pressure as traders look for a more definitive directional catalyst. The failure to regain this psychological barrier has maintained a cautious sentiment, characterized by heightened volatility and ongoing uncertainty in liquidity conditions. Despite a degree of stabilization in price action following recent declines, the overarching … Read more
Ethereum experienced a staggering $466.4 million in liquidations, with a significant $382 million attributed to long positions. On the day, ETH prices experienced a decline of 14.96%, dropping from $2,148 to $1,826. The sentiment in the crypto market was characterized by extreme fear. The Fear and Greed index has plummeted to 11, marking a low … Read more
Ethereum’s Funding Rates plummeted to FTX-era lows as derivatives faced a severe macro shock. Heightened tensions between the U.S. and Iran have sparked a wave of risk aversion, leading to a significant decline in Ethereum as leverage intensified the downward momentum. As the price dipped to the $2300 mark, forced selling intensified, resulting in the … Read more