$ETH This alert means that a long position on Ethereum (ETH) worth $42,300 was liquidated at the price of $1,788.77.
Breakdown:
ETH is the cryptocurrency.
Long = the trader expected the price to go up.
Liquidated = the market went against the trader (price fell), hitting their margin limit, so their position was forcibly closed.$ETH
$42.3K = the size of the position.
$1788.77 = the price of ETH at the moment of liquidation.
This typically indicates strong downward pressure or volatility in the $ETH
market.
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