Ethereum Whale Faces Liquidation, ETH Price Nosedive

Quick Summary:

A significant Ethereum whale is on the brink of liquidation due to the ongoing decline in ETH prices.

This whale has deposited 12,374 ETH to Compound and borrowed $31.4 million in stablecoins.

If Ethereum’s price drops to $2,984, the whale’s long positions will be liquidated.

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Article Details

Author / Journalist: Maxwell Mutuma

Category: Crypto

Markets: India

Topics: Ethereum whales Altcoin News Bitcoin (BTC) Price 24/7 Cryptocurrency News Ethereum (ETH) price

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-04 @ 16:32:59 (3 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 492 words

Reading Time: 3 minutes read

Sentences: 51 lines

Sentence Length: 10 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 21483122

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 11 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

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Publisher ID: #59

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