$170M Ether longs liquidated as crypto market tumbles: Is ETH doomed?

CoinTelegraph·

$170M Ether longs liquidated as crypto market tumbles: Is ETH doomed?

60-second summary

$170M Ether longs are being liquidated as the crypto market tumbles, with ETH price hanging in the balance amidst a fresh wave of liquidations and spillover from Bitcoin's struggles to hold $62,000, impacting investor sentiment and exacerbating concerns about a potential ETH price drop, which could further destabilize the altcoin's market value.

ETH price hangs in the balance as a fresh wave of liquidations pressure the altcoin and spillover from Bitcoin’s struggles to hold $62,000 impact investor sentiment.