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You are currently viewing Ethereum Price Crash: $2 Billion In Losses Is Waiting For Traders At This Level

Up to $2 billion in long positions face liquidation amid this Ethereum price crash. These positions would get liquidated if ETH drops to $4,200. Meanwhile, the ongoing wave of sell-offs puts the largest altcoin by market cap at risk of dropping to this level. 

$2 Billion In Liquidations On The Horizon Amid Ethereum Price Crash

Coinglass data shows that $2 billion in ETH long positions are at risk of being wiped out on exchanges if the Ethereum price drops to $4,200. The liquidation heatmap shows that there is a massive cluster waiting to be triggered. Therefore, further declines to the downside could trigger a wave of forced selling even as traders rush to close their positions. 

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However, a positive for the Ethereum price is the fact that more traders are currently short than long. As such, market makers could hunt for liquidity at higher levels up to $4,500,

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