The post Why ETH Is Going Down? How Low Can Ethereum Price Drop? appeared first on Coinpedia Fintech News
Ethereum ($ETH) has recently fallen below the key $4,000 support level, raising concerns among investors about how low the Ethereum price might go in the short term. Several factors, including macroeconomic uncertainty, slowing ETF inflows, and low exchange liquidity, are contributing to the recent drop.
Ethereum Liquidation Heatmap
According to Coinglass, in the past hour, $100 million in Ethereum long positions were liquidated. One whale trader, 0xa523, lost $36.4 million on 9,152 $ETH, with total losses now over $45.3 million, and the account is left with under $500,000.
This shows how risky leveraged trading can be in volatile markets. High leverage is driving bigger price swings in Ethereum and affecting other cryptocurrencies like Bitcoin. Daily ETH long liquidations have recently topped $500 million, adding more pressure on the market.
Slowing ETH ETF Infl
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