$ETH Forced liquidation pressure: ETH experienced $189 million in forced liquidations during the recent market downturn, with one holder's long position valued at $168.7 million being liquidated at a price level of $2,807.02.

High leverage and volatility: The estimated leverage ratio for ETH on a major exchange reached a historical high of 0.579, increasing vulnerability to sudden price fluctuations and chain liquidations.

Technical weakness: ETH shows bearish signals in the short to medium term, with EMA7 below EMA25 and EMA99, MACD trend being negative, and prices trading below the middle line of the Bollinger Bands.

Cautious outlook: Community sentiment remains cautious, with many discussions surrounding macroeconomic factors and significant liquidation events potentially triggering market declines and impacting traders.

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ETHUSDT

Perp

2,933.42

-0.49%