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$700M Long Positons Will Bite Dust if Ethereum Price Drops 8%, Will it?

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Summary
Nutrition label

59% Informative

ETH price is up nearly 2% in an attempt to recoup the losses due to the 15% crash noted on March 3 .

ETH liquidation levels include $ 2.154 , $ 2,107 , and $ 1,700 , which could trigger massive long liquidations.

A potential crash after the Crypto Summit on March 7 could be followed by a strong spike in spot buying, catalyzing a swift move to the upside.

More than $700 million worth of long positions will be wiped out if the price drops nearly 8% .

The ideal scenario for kickstarting a bullish reversal would be a sustained rally in the March 7 .

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34

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18

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45

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formal

Language

English

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37

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short-lived

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