$ETH ETH’s price going up (long positions) got liquidated because the market moved downward against them.

“$2.988K” → The total value of liquidated long positions — about $2,988 worth of ETH.

“at $3,989.37” → The liquidation occurred when ETH’s market price hit $3,989.37.

In simple terms:

Some traders expected ETH to rise, but the price fell instead, hitting their liquidation thresholds and causing those leveraged trades to automatically close — adding selling pressure to the market.

Would you like me to add a short market sentiment analysis for ETH after this liquidation (bullish or bearish impact)?$ETH

ETH

3,343.87

-1.09%

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