ETH, the 2nd largest crypto, is experiencing significant volatility during the weekends. Now, even a small decline of over 2% could lead to the liquidation of over $500 Million in Ether long positions.
Price Movements On Ethereum
Recent marketplace activity has placed more than half a thousand million dollars worth of Ethereum in long positions in jeopardy because the cryptocurrency faces fee volatility and regulatory uncertainty. Currently trading at $3,131, Ether’s price movements were a source of difficulty for investors, especially because it processes key assist ranges.
Over the past few weekends, Ether has experienced brief bursts of volatility, struggling to bring stability. On April 20, it dipped by 2.25% to $3,036, and the previous Saturday noticed a more sizeable drop of nearly 9% to $2,950 earlier than recovering to $3,075. These fluctuations have raised alarms among buyers, as a similar drop this weekend may trigger significant liquidations.
Source: Coinmark
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