Ethereum’s Performance Overview
Ethereum’s (ETH) performance remains lackluster as it trades around $2,200 today after gaining 1.04% on Tuesday. Today, ETH price is up nearly 2% in an attempt to recoup losses from the 15% crash noted on March 3.
Market Reactions
Due to the drastic plummets and rallies, along with the upcoming Crypto Summit on March 7, traders are more eager than ever and anticipate a rally.
Risk of Liquidation
As a result, CoinGlass data shows that more than $700 million worth of long positions will be wiped out if Ethereum price drops nearly 8%.
Conclusion
Let’s explore if ETH will drop lower to hunt the eager bulls or continue to ascend higher.
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