ETH Price Apr 8: What Levels Matter After Monday’s Market Crash
- Ethereum plunges over 14 percent Monday, breaking $1,800 support to trade near $1,541
- $106 million whale liquidation on Maker reported by Lookonchain added sell pressure
- ETH tests critical long-term support (log regression channel ~$1.35k-$1.45k)
Ethereum (ETH) plunged over 14% in 24 hours Monday, breaking below critical support zones to trade near $1,541 as a broader crypto market sell-off intensified, reportedly taking Bitcoin below $76,000.
What Role Did the $106M Whale Liquidation Play?
Adding pressure to the decline, on-chain data platform Lookonchain reported a major whale liquidation. An address holding 67,570 ETH (worth ~$106 million at the time) on the Maker lending protocol was liquidated, likely amplifying the downward momentum.
Does Exploding Volume Signal Panic or Buying?
Ethereum’s trading volume exploded over 345% during the price drop, with derivatives volume surging similarly (+329%), according to Coinglass. Unlike typical high-volume rallies, this su…
The post ETH Price Apr 8: What Levels Matter After Monday’s Market Crash appeared first on Coin Edition.
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ETH Price Apr 8: What Levels Matter After Monday’s Market Crash
- Ethereum plunges over 14 percent Monday, breaking $1,800 support to trade near $1,541
- $106 million whale liquidation on Maker reported by Lookonchain added sell pressure
- ETH tests critical long-term support (log regression channel ~$1.35k-$1.45k)
Ethereum (ETH) plunged over 14% in 24 hours Monday, breaking below critical support zones to trade near $1,541 as a broader crypto market sell-off intensified, reportedly taking Bitcoin below $76,000.
What Role Did the $106M Whale Liquidation Play?
Adding pressure to the decline, on-chain data platform Lookonchain reported a major whale liquidation. An address holding 67,570 ETH (worth ~$106 million at the time) on the Maker lending protocol was liquidated, likely amplifying the downward momentum.
Does Exploding Volume Signal Panic or Buying?
Ethereum’s trading volume exploded over 345% during the price drop, with derivatives volume surging similarly (+329%), according to Coinglass. Unlike typical high-volume rallies, this su…
The post ETH Price Apr 8: What Levels Matter After Monday’s Market Crash appeared first on Coin Edition.
Read More