The recent fall of ETH is quite severe. In just 151 minutes, it plummeted from $3447 to $3223, a drop of 6.35%, and is now struggling around $3244.
What's going on? Two factors are at play:
**On-chain end**: Institutional large holders played it high with leverage. When the price hits the support level, high leverage liquidations trigger a chain reaction, causing a bunch of people to be forced to sell, and the sell orders are instantly dumped.
**Macro Side**: The U.S. government is shut down, and there are no CPI and employment data released. The market is confused about the subsequent int
What's going on? Two factors are at play:
**On-chain end**: Institutional large holders played it high with leverage. When the price hits the support level, high leverage liquidations trigger a chain reaction, causing a bunch of people to be forced to sell, and the sell orders are instantly dumped.
**Macro Side**: The U.S. government is shut down, and there are no CPI and employment data released. The market is confused about the subsequent int
ETH-1,04%