Tuesday, May 30, 2023
No Result
View All Result
  • Home
  • Recent
  • Business
  • Economy
  • Investing
  • Markets
  • Personal Finance
  • Retirement
  • Tech
  • Startups
  • Insurance
  • Market Research
  • Crypto
  • Home
  • Recent
  • Business
  • Economy
  • Investing
  • Markets
  • Personal Finance
  • Retirement
  • Tech
  • Startups
  • Insurance
  • Market Research
  • Crypto
No Result
View All Result
Home Cryptocurrency

Ethereum Liquidations Ramp Up As Price Struggles To Hold $1,100

Updates Finance by Updates Finance
July 11, 2022
in Cryptocurrency
0
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


You might also like

Binance’s CZ dispels FUD, speculates on next big crypto trend in new interview

Crypto Exchange BKEX Suspends Withdrawal to Aid Money Laundering Probe

Bearish Sentiment Hits EOS As Bulls Lose Control, What Lies Ahead?

As the market ushers in another week of trading, the price of Ethereum has been struggling to hold above $1,100. This coveted point which it had broken last week remains an important technical level, which is why bulls continue to fight to hold it. However, with the decline of the digital asset’s price below $$1,200, its liquidations have been ramping up and in the last four hours, it had briefly surpassed bitcoin as more traders lose their positions.

Over $30 Million Ethereum Liquidated

Ethereum liquidations shot past bitcoin liquidations as its price continued to decline. In the last 24 hours, there have been more than 28,000 ETH liquidated as the market declines. This follows the general liquidation trend in the market given that the price of Ethereum had failed to test $1,500 as expected. In total, more than $32 million ETH had been liquidated from traders across the last day.

The same streak was recorded in the pioneer cryptocurrency, Bitcoin, whose liquidations had reached $35 million in the same time period. This translated to 1,740 BTC positions liquidated in this time period, and other altcoins had followed the same losing streak.

Related Reading | Bitcoin Funding Rates Are Climbing As Price Continues To Struggle

In total, the crypto market has seen more than 118 million in liquidations. While over 46,000 traders have been rekt in the same 24-hour period. Most of these traders have been long traders who were seemingly following the recovery trend that had rocked the space towards the end of last week.

Is ETH In Full Recover?

Ethereum has been doing quite well lately. The digital asset has been able to fend off the bears which have tried to drag down the price below $1,000 and had maintained the fight through last week. This had brought it above its 20-day moving average and had set it for a bullish trend for the first time in a month.

Ethereum price chart from TradingView.com

https://www.highcpmrevenuenetwork.com/yjx9n4xz?key=2ae113e708965368d7206a42df6559d1
ETH trending above $1,100 | Source: ETHUSD on TradingView.com

However, this was only short-lived as the low liquidity of the weekend had gotten to the digital asset. ETH had fallen below $1,200 and even now continues to struggle to hold $1,140 after losing its fight at the $1,160 support.

Related Reading | Crypto Traders Lose $280 Million Following Bitcoin’s Break Above $22,000

This puts the next support at $1,100, where the bulls have been mounting up. However, it has also pushed its significant resistance point backward to $1,277 which would trigger a tug of war. As such, ETH’s immediate future remains hard to predict. 

Featured image from Payments Journal, charts from TradingView.com

Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…





Source link

Tags: EthereumHoldLiquidationspriceRampStruggles
Share30Tweet19
Updates Finance

Updates Finance

Recommended For You

Binance’s CZ dispels FUD, speculates on next big crypto trend in new interview

by Updates Finance
May 29, 2023
0

Binance CEO Changpeng Zhao commented on the state of the crypto industry and market during an interview with Bankless on May 29.Zhao dispels FUDFirst, Zhao discussed recent controversies...

Read more

Crypto Exchange BKEX Suspends Withdrawal to Aid Money Laundering Probe

by Updates Finance
May 29, 2023
0

Cryptocurrency exchange BKEX has frozen customer withdrawal on its platform to cooperate with police investigation into alleged money laundering by some of its users. The exchange on Monday...

Read more

Bearish Sentiment Hits EOS As Bulls Lose Control, What Lies Ahead?

by Updates Finance
May 29, 2023
0

EOS Network, a popular open-source blockchain platform prioritizing high performance and security, has recently witnessed a sharp price decline. The asset exhibits bearish sentiment in the 30-Day timeframe. ...

Read more

Russia backtracks from plan to create national crypto exchange

by Updates Finance
May 29, 2023
0

Russia is no longer moving forward with its plans to create a national crypto exchange. Instead, it will focus on formulating rules that will allow private companies to...

Read more

Temasek’s $275M Crypto Blunder Cuts Management Pay

by Updates Finance
May 29, 2023
0

The investment firm Temasek Holdings Pte, which invested $275 million in the cryptocurrency exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives,...

Read more
Next Post

PayTalk promises to handle all sorts of payments with voice, but the app has a long way to go – TechCrunch

Related News

Fiserv Stock: Still Attractively Priced (NASDAQ:FISV)

March 14, 2023

What’s my RRSP contribution limit for 2021?

November 14, 2022

Gandhi Walks 2,000 Miles to Challenge Modi in 2024 Election

January 29, 2023

Browse by Category

  • 1Win Casino
  • blog
  • Business
  • Cryptocurrency
  • Economy
  • Insurance
  • Investing
  • Latest updates
  • Market Research
  • Markets
  • Mostbet Casino
  • Mostbet kazinosu
  • Mostbet kumarhanesi
  • Online Dating
  • Personal Finance
  • Retirement
  • Startups
  • Technology
  • Uncategorized

Get the latest Financial news on updatesfinance.com. Business news, Economy news, Investing news, Personal Finance and more.

CATEGORIES

  • 1Win Casino
  • blog
  • Business
  • Cryptocurrency
  • Economy
  • Insurance
  • Investing
  • Latest updates
  • Market Research
  • Markets
  • Mostbet Casino
  • Mostbet kazinosu
  • Mostbet kumarhanesi
  • Online Dating
  • Personal Finance
  • Retirement
  • Startups
  • Technology
  • Uncategorized

Recent News

  • ICICI Lombard: ICICI Bank to raise stake in ICICI Lombard
  • Startup investment culture in Gujarat needs to improve: Experts

Copyright © 2022 - Updates Finance..

No Result
View All Result
  • Home
  • DMCA
  • Disclaimer
  • Cookie Privacy Policy
  • Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Updates Finance..

https://www.highcpmrevenuenetwork.com/yjx9n4xz?key=2ae113e708965368d7206a42df6559d1 https://www.videosprofitnetwork.com/watch.xml?key=23dd8a3bb9168e7b5f33ef2b66f1a432
https://www.videosprofitnetwork.com/watch.xml?key=23dd8a3bb9168e7b5f33ef2b66f1a432 https://www.highcpmrevenuenetwork.com/yjx9n4xz?key=2ae113e708965368d7206a42df6559d1
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?