Ethereum price falls below $2,200 after the $6.3 billion Binance hack triggers $1.6 billion in crypto liquidations, with ETH longs losing $364 million.
Ethereum saw a spike in activity after the Binance hack, with fees rising over $56M for the day after the hack.
"If Ethereum remains below $2,385 while exchange balances stay elevated, $2,000 is the downside target I’m watching," Martinez said.
Ethereum has rebounded toward $2.37K after finding demand near $2.3K, but the recovery remains below its broken ascending channel. Buyers are showing an initial response, while the broader...
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