$ETH A recent Ethereum (ETH) long liquidation event occurred, where approximately $46,173 worth of long positions were liquidated at a price of $1,856.72.
This indicates a significant market movement that forced leveraged traders to exit their positions.
In the broader context, the Ethereum futures market has experienced substantial liquidations recently.
$ETH For instance, there was a notable event where $76.4 million in long positions were liquidated, with $55.8 million occurring within a single hour.
This led to a decrease in open interest from $20.5 billion to $15.9 billion, highlighting the market's volatility and the risks associated with high leverage.
$ETH Currently, Ethereum is trading at approximately $1,860.83, reflecting a slight decrease of 0.069% from the previous close.
The intraday high and low are $1,867.38 and $1,816.23, respectively.
These liquidation events underscore the importance of cautious trading, especially when using leverage, as sudden market shifts can lead to significant losses.