Ethereum, the world’s second-largest cryptocurrency by market capitalization, has recently experienced a turbulent period. The price of Ether (ETH) dropped by 18% between July 1 and July 8, falling to $2,826. This decline was accompanied by the liquidation of $313 million in leveraged long positions, leaving many investors disheartened. However, as of now, the price has partially recovered to around $3,100.·
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