🚨 $ETH Implodes: Whale Losses Top $54M! 📉

Ethereum is in freefall after breaching the $3,400 support. Price is trapped in a descending channel, hitting lows around $2,800 and currently trading at $2,926 – a 6.9% drop in 24 hours.

A major Ethereum whale ("BitcoinOG") is reeling from over $54 million in unrealized losses on Hyperliquid after shifting funds from $BTC. Despite the pain, liquidation risk is currently contained around $2,082.Derivatives volume surged 53.5% to $87.15B as $250M+ in long positions were wiped out. The Stochastic RSI is deeply oversold, hinting at potential further declines towards $2,700. Bulls need to break $3,000 for any real recovery. ⚠️

#Ethereum #CryptoCrash #WhaleWatch #ETH 🐻

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