{"id":7445,"date":"2025-01-13T19:02:06","date_gmt":"2025-01-13T19:02:06","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=7445"},"modified":"2025-01-13T19:02:06","modified_gmt":"2025-01-13T19:02:06","slug":"ethereum-bulls-face-185m-in-liquidations-as-eth-price-slumps-to-2-month-low","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=7445","title":{"rendered":"Ethereum Bulls Face $185M in Liquidations as ETH Price Slumps to 2-Month Low"},"content":{"rendered":"
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Amid the broader market\u2019s correction yet again today, ETH\u2019s price has taken a major hit and tumbled below $3,000 for the first time since early November.<\/p>\n

This has caused a lot of liquidations for over-leveraged bulls, with the number skyrocketing to nearly $200 million only for ETH-related positions.<\/p>\n

\"ETHUSD.<\/a>
ETHUSD. Source: TradingView<\/figcaption><\/figure>\n

As the graph above demonstrates, the second-largest cryptocurrency broke above $3,000 after the US elections in early November and didn\u2019t look back for the next two months.<\/p>\n

Moreover, the asset peaked at just over $4,100 on December 16, but that was as far as it could go. During the end-of-the-year crash, ETH slumped to $3,100 but managed to defend the $3,000 support.<\/p>\n

It bounced off and went on the offensive at the start of 2025. Its yearly peak came on January 7 when it jumped to $3,750. However, that\u2019s when the landscape took a turn for the worse, and ETH, alongside the rest of the market, started to plunge.<\/p>\n

The subsequent rejection drove Ethereum\u2019s price to $3,300, where it spent most of the next few days. However, another leg down initiated by the bears today pushed it south even further, and it slipped below $3,000 minutes ago for the first time since early November.<\/p>\n

ETH is down by precisely 20% since its January 7 high (or $750 in USD perspective). Today\u2019s drop was particularly painful for over-leveraged traders with long positions, as the total such liquidations has gone up to $185 million, according to CoinGlass.<\/p>\n

In fact, ETH\u2019s liquidations have surpassed even those for BTC<\/a>, whose price tumbled<\/a> from $96,000 earlier this morning to under $90,000 briefly.<\/p>\n

\"Liquidation<\/a>
Liquidation Heat Map. Source: CoinGlass<\/figcaption><\/figure>\n

The post Ethereum Bulls Face $185M in Liquidations as ETH Price Slumps to 2-Month Low<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Amid the broader market\u2019s correction yet again today, ETH\u2019s price has taken a major hit and tumbled below $3,000 for the first time since early November. This has caused a lot of liquidations for over-leveraged bulls, with the number skyrocketing to nearly $200 million only for ETH-related positions. ETHUSD. Source: TradingView As the graph above […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-7445","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/7445","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7445"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/7445\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}