*Crypto Market Turmoil Continues ๐ฅ๐*
The market just went through another *bloody shakeout*, wiping out *nearly 200 million* in liquidations โ and *Ethereum (ETH) holders took the biggest hit*, losing *57 million in just 24 hours* ๐๐ป
๐ *What Happened?*
- The crash was triggered by a mix of *macro fears*, *rate cut uncertainty*, and *risk-off sentiment* ahead of major economic updates.
- *Altcoins* struggled to recover, while *ETH dropped hard*, facing heavy sell pressure and liquidation from overleveraged longs ๐งจ
๐ *Why Ethereum Got Hit Hardest:*
- *High open interest* on leverage positions
- Whales took profit at resistance
- Network fees were up, but demand wasn't strong enough to hold price support
- Liquidations cascaded as ETH dropped below key levels like *2,400* โ ๏ธ
๐ง *Prediction & Outlook:*
This might not be the final dip. *Short-term volatility* is still expected, but such shakeouts often *precede rebounds*. Smart money usually buys when fear peaks ๐ถโ๐ซ๏ธ๐
๐ฎ *Watch for:*
- Key ETH support at *2,300โ2,500*
- A strong bounce with renewed spot demand could signal a reversal
- If ETF momentum returns, expect ETH to *retest $3,600+* soon ๐๐
๐ง Stay patient. This is part of the crypto cycle โ *pain before the pump* ๐ช๐