ETH Token Slides 3.32% Amid $67 Million Liquidations and Heightened Volatility on Binance

ETHUSDT experienced a price decline of 3.32% over the past 24 hours, with the current price at 2403.53 USDT on Binance, down from a 24h open of 2486.07. This price movement is attributed to heightened market volatility and shifting sentiment, as reflected by significant liquidations of both long ($34.36 million) and short ($33.21 million) positions. Recent news highlights a period of consolidation and indecision, with Ethereum failing to maintain key resistance levels and encountering strong selling pressure after a rejection above 2445 USDT. Broader market weakness, including declines in other major cryptocurrencies, and increased trading activity have also contributed to the downward pressure. ETHUSDT remains the second-largest cryptocurrency by market cap, with a 24-hour trading volume of over 834 million USDT on Binance, and continues to trade within a tightening range as traders monitor support and resistance zones for potential breakout signals.