$ETH Long Liquidated: $67.5K Wiped Out at $3167.14!

Ethereum ($ETH) has just delivered another brutal blow to the bulls, with $67,500 in long positions getting completely liquidated at $3167.14!

This $ETH sharp retracement is a stark reminder of Ethereum's volatility despite its growing adoption in DeFi, NFTs, and the ongoing Ethereum 2.0 upgrade.

Bulls were betting big, but the market had other plans.

Key Stats:

Liquidation Value: $67.5K

Price Level: $3167.14

Current Trend: Market still adjusting post-liquidation

24H Change: Significant dip but Ethereum remains strong long-term with bullish

prospects for $ETH 2.0t’s Driving the Action?

Technical Correction: Ethereum had surged recently, and the market correction was overdue.

Whale Influence: Large sell-offs and market makers pulling the strings often lead to intense volatility .

U The market is still reacting to global economic factors and crypto regulation concerns .

Traders, be cs kind of liquidation opens the door for major market swings and opportunities.

Time to stay sharp and watch those levels closely!

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