Would estimate we're about to hit $5b in ETH liquidations across exchanges
Taking us down to $3....
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Note: AI-generated summary based on third-party content. Not financial advice. Read more.
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The analyst predicts a significant downside for ETH due to an estimated $5 billion in liquidations across exchanges. This could drive ETH prices down to a range of $3,200 - $3,600. The chart shows substantial long liquidations below the current price of $4,314, indicating potential cascading sell-offs.
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