Ethereum Faces $8.71B Liquidation Risk as ETH Price Tests $2,350 – Is Another Flush Ahead?
Photo: Coinpedia
Ethereum saw $283 million in liquidations within 24 hours, while open interest fell 11% as ETH prices declined. The price could fall toward $2,200 if it loses $2,350 support, with continued selling and ETF outflows adding pressure. A move above $2,400 to $2,430 could spark a short squeeze, as $8.71 billion in potential short liquidations may fuel further buying. As the crypto market has come under extreme bearish influence , the Ethereum price plunged hard and is now testing a crucial support range.
Source: Coinpedia
