Ethereum Price Dips: $210M ETH Liquidations & ETF Outflows
Ethereum price plunged 5% in 24 hours, extending a 10.6% drop from this month’s high above $4,759 to under $4,255. Over $870 million in leveraged long positions were liquidated, with ETH alone accounting for $210.6 million—nearly double Bitcoin’s total. U.S.-listed Ethereum ETFs also saw sizeable outflows, including a $272 million withdrawal by one issuer as investors took profits. This Ethereum price drop mirrors a broader crypto downturn: Bitcoin fell 2.3%, Solana and XRP each dropped over 5%. Macro uncertainty ahead of Fed Chair Powell’s speech weighed on risk assets. Technically, ETH is testing its 20-day EMA at $4,134; failure to hold could drive it toward the 50-day EMA near $3,651. The RSI cooled to 58 from overbought levels, signaling waning momentum. To resume a bullish trend, ETH must reclaim $4,500 and clear resistance around $4,800.
Bearish
2.106亿美元的ETH爆仓和ETF资金流出集中释放了大量抛售压力，削弱了短期的牛市动能。历史上，类似的爆仓潮——如2021年5月DeFi夏季回调期间——曾引发快速抛售并加深调整。技术指标也显示上涨乏力：ETH正试探20日均线，RSI从超买区回落，暗示可能进一步下行，除非关键支撑位能够企稳。美联储政策关键会议在即，宏观风险偏好降低，加剧了市场的避险情绪。尽管长期基本面依然稳健，但短期内交易者可能减少仓位，采取更为谨慎的态度。除非ETH重回4500美元和4800美元关口，否则市场前景倾向看跌，或对其他山寨币造成溢出效应。