Whale Shorts ETH, Market Sell-Offs
This is a news story, published by CoinGape, that relates primarily to ETH news.
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Ethereum whalesCoinGape
•2mon ago
Business
Business & Economics
ETH tanked to $3,050, triggering over $81 million in long liquidations
57% Informative
An ETH whale managed to mint a staggering $16.8 million by going short on ETH price ahead of today ’s 5% correction.
Broader market sell-offs triggered over $81 million in long liquidations for ETH .
Analysts highlight ETH 's inverse head-and-shoulders pattern, projecting a price recovery to $ 4,000 .
As of press time, ETH price is trading 4.1% down at $ 3,108 with daily trading volumes plunging 22.5% .
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