Solana Searching For Direction: Will SOL Break Free Or Fall Flat?<\/a><\/div>\nEthereum has showed notable volatility over the past thirty days; 53% of the days indicate positive gains and the price has varied generally by 8.63%. Although the short-term projection is positive, the mixed signals emphasise the need of careful investment considering the volatility of the present market.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
Featured image from SignatureCare Emergency Center, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"On June 11, Ethereum (ETH) bulls tasted fire since the market for altcoins saw a sharp rise in long liquidations. Data from Coinglass indicates that this occurrence represented the biggest degree of long liquidations since May 23rd, so indicating a notable change for traders betting on increasing prices. Related Reading: Shiba Inu Loses 14% In Last 7 Days \u2013 Will The Misery Worsen? Crimson Chart: Long Positions Liquidated Overconfident investors loaded long bets, effectively waging Ethereum’s price would rise. But the market had different ideas. Shivers down the spines of these bulls caused by an unanticipated price decline set off a flood of liquidations. These positions were aggressively liquidated to stop more losses for the unhappy traders as the price dropped below a margin requirement set by the exchange. So the outcome is For some exchanges, a collective sigh of relief; yet, on that fatal day, a hefty bill for liquidated bulls\u2014more than $60 million. Positive Funding Rate Offers A Glimmer Of Hope A silver lining in the shape of a good Funding Rate surfaced while the market drop rocked the Ethereum derivative scene. This statistic basically shows the costs incurred by traders with short positions\u2014betting on a price drop\u2014versally from those with long holdings. Said another way, a positive Funding Rate shows a greater demand for long positions, implying that some investors remain hopeful about Ethereum’s long-term prospects even among the carnage. The fact that ETH’s Funding Rate hasn’t entered negative territory since May 3rd supports this positivity even more. A Temporary Hiccup? The jury is still deciding whether this incident marks a passing blip or a more alarming trend. The positive Funding Rate gives some hope, but the notable decline in derivatives activity presents another picture. Over the previous 24 hours, Open Interest (total outstanding contracts, down 2%) and options trading volume (down 50%) have both show concerning declines. Given less people actively trading options contracts or keeping open positions, this points to a possible market flight. Ether Price Forecast Meanwhile, CoinCodex’s current Ethereum price estimate shows a 2.46% rise to $3,636 by July 13, 2024. Despite this positive perspective, the attitude of the market remains negative. The Fear & Greed Index shows great investor interest; it arrives at 70 (Greed). Related Reading: Solana Searching For Direction: Will SOL Break Free Or Fall Flat? Ethereum has showed notable volatility over the past thirty days; 53% of the days indicate positive gains and the price has varied generally by 8.63%. Although the short-term projection is positive, the mixed signals emphasise the need of careful investment considering the volatility of the present market. Featured image from SignatureCare Emergency Center, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":624371,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,6664,4854,1946,8686],"class_list":["post-624361","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-crypto","tag-ether","tag-ethereum","tag-ethusd"],"acf":[],"yoast_head":"\n
Ethereum: Who Got Burned In The $62 Million Fire Sale?<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n