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Ethereum Faces $4,000 Test as Trader Burns Through $44 Million in 40 Days


by Maxwell Mutuma
for CoinEdition
Ethereum slides to $4,000 as liquidations surge and a whale loses $45M
  • High leverage trading leads to massive losses, with $44M lost in just 40 days.
  • Ethereum longs face extreme risk as liquidation sits only $100 below entry price.
  • ETH shows bearish pressure with RSI near 33.9 and MACD signaling weak momentum.

One of the most closely watched accounts in crypto trading circles has racked up more than $44 million in losses in just 40 days. According to EmberCN data, the individual first saw $35.8 million vanish on an Ethereum long, then followed with a $7.5 million loss shorting Bitcoin. 

Despite the string of setbacks, he has returned to the market with another aggressive bet, a massive Ethereum long. The move highlights both the scale of volatility in crypto and the risks of narrow-margin leverage.

Pattern of Costly Missteps

The trader’s strategy has repeatedly ended in liquidation. His long on Ethereum lasted less than 12 hou…

Read The Full Article Ethereum Faces $4,000 Test as Trader Burns Through $44 Million in 40 Days On Coin Edition.

Read the article at CoinEdition

Read More

Bitcoin sinks below $109k wiping $170 billion from crypto market after FOMC shock

Bitcoin sinks below $109k wiping $170 billion from crypto market after FOMC shock

The crypto market is reeling after a sharp reversal that erased nearly all of its rec...
Ethereum Price Prediction: Analysts Warn of Whale Selling as ETH Tests $4K

Ethereum Price Prediction: Analysts Warn of Whale Selling as ETH Tests $4K

Ethereum price today is trading near $3,948, slipping below the $4,000 mark after a s...

Ethereum Faces $4,000 Test as Trader Burns Through $44 Million in 40 Days


by Maxwell Mutuma
for CoinEdition
Ethereum slides to $4,000 as liquidations surge and a whale loses $45M
  • High leverage trading leads to massive losses, with $44M lost in just 40 days.
  • Ethereum longs face extreme risk as liquidation sits only $100 below entry price.
  • ETH shows bearish pressure with RSI near 33.9 and MACD signaling weak momentum.

One of the most closely watched accounts in crypto trading circles has racked up more than $44 million in losses in just 40 days. According to EmberCN data, the individual first saw $35.8 million vanish on an Ethereum long, then followed with a $7.5 million loss shorting Bitcoin. 

Despite the string of setbacks, he has returned to the market with another aggressive bet, a massive Ethereum long. The move highlights both the scale of volatility in crypto and the risks of narrow-margin leverage.

Pattern of Costly Missteps

The trader’s strategy has repeatedly ended in liquidation. His long on Ethereum lasted less than 12 hou…

Read The Full Article Ethereum Faces $4,000 Test as Trader Burns Through $44 Million in 40 Days On Coin Edition.

Read the article at CoinEdition

Read More

Bitcoin sinks below $109k wiping $170 billion from crypto market after FOMC shock

Bitcoin sinks below $109k wiping $170 billion from crypto market after FOMC shock

The crypto market is reeling after a sharp reversal that erased nearly all of its rec...
Ethereum Price Prediction: Analysts Warn of Whale Selling as ETH Tests $4K

Ethereum Price Prediction: Analysts Warn of Whale Selling as ETH Tests $4K

Ethereum price today is trading near $3,948, slipping below the $4,000 mark after a s...