Ethereum

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<h2 id="key-points">Key Points</h2>
<ul>
 <li>Ethereum’s price volatility led to market liquidations worth $215 million, with ETH contracts accounting for $50.61 million.</li>
 <li>Ethereum’s Realized Profit increased, indicating a possible price drop below $3,400.</li>
</ul>
<p>High market volatility led to significant liquidations, with Ethereum contracts accounting for a substantial portion of this.</p>
<h2 id="market-liquidations-and-ethereum">Market Liquidations and Ethereum</h2>
<p>Liquidations occur when a trader’s margin balance is insufficient to keep a position open, leading to a forced closure to prevent further losses.</p>
<p>Ethereum’s price fluctuations contributed to the high number of liquidations.</p>
<p>The cryptocurrency’s price dropped to $3,368 on 14 June, later rising to $3,512 and finally settling above $3,500.</p>
<p>Both longs and shorts, traders betting on a price increase or decrease respectively, were affected by these price swings.</p>
<p>Despite this, traders seemed to anticipate a price drop, as indicated by the Put/Call ratio.</p>
<h2 id="ethereum-s-realized-profit-and-market-predictions">Ethereum’s Realized Profit and Market Predictions</h2>
<p>Ethereum’s Realized Profit, the total of all moved coins whose last price was lower than its press time value, also increased.</p>
<p>This rise suggests that holders are booking profits, which could lead to a price fall.</p>
<p>However, if this metric stabilizes, selling pressure across the market may decrease.</p>
<p>For Ethereum, the Realized Profit seems to have settled, suggesting that the cryptocurrency might trade between $3,400 and $3,600 in the coming days.</p>
<p>Exchange inflows and outflows were also analyzed to predict Ethereum’s next move.</p>
<p>An increase in exchange inflows, the number of coins sent into exchanges, implies that holders plan to sell, which usually leads to a price decrease.</p>
<p>At press time, Ethereum’s exchange inflows were higher than its outflows, indicating more Ethereum was up for sale than being moved to cold wallets.</p>
<p>If this trend continues, Ethereum’s price might drop below $3,400 again. However, a decrease in selling pressure could prevent this decline, leading to Ethereum consolidating on the charts.</p>

Key Insights for Traders on Ethereum’s $50M Liquidations

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CoinEagle.com

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