Ethereum

The Ethereum price drops down below 1800 USD today, again.Long liquidations and open interest: What&#39;s happening? Long liquidations refer to the forced selling of assets, in this case, Ethereum, when traders cannot meet margin requirements for their leveraged positions. The fact that these liquidations are increasing suggests that many traders are getting caught on the wrong side of the trade, possibly due to sudden price drops.Over the past month, Ethereum&#39;s price has shown some fluctuations. Starting from July 1, 2023, ETH was trading at $1,934.04. As the month progressed, it reached a high of $1966.81 but also dipped to lows like $1,830.05. As of Aug. 13, 2023, Ethereum was trading at $1,836.95. This price movement, combined with increasing long liquidations, suggests that traders might be over-leveraging their positions, expecting Ethereum to rise. When the price does not move as anticipated, or if there is a sudden drop, these over-leveraged positions get liquidated, leading to the observed increase in long liquidations.

Ethereum price drops down below 1800 USD???

CMC Victor

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