Markets· ★★★· bearish·

Ethereum holds below $2,400 as geopolitical tensions trigger $63.7M in long liquidations

  • —ETH liquidations hit $75.4M, with longs at about $63.7M
  • —Total crypto liquidations over 24 hours reached roughly $423M
  • —Brent crude rose 4% to $114; Nasdaq fell 2.6%
  • —Exchange ETH reserves fell 170K to 14.882M in 48 hours
Why it matters: ETH is testing $2,355 support; a break opens the way to $2,204, while a hold could set up a move toward $2,491.
Source: Invezz