NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: BNB Reaches New All-Time High Of $956 As Binance Nears Deal With US DOJ
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: BNB Reaches New All-Time High Of $956 As Binance Nears Deal With US DOJ

Ethereum Could See a Cascade of Liquidations as Long Positions Rocket

Cole Petersen
Cole Petersen
5 years ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Ethereum has some immense weakness in recent times, severely underperforming Bitcoin and the aggregated crypto market as it continues struggling to garner any upwards momentum.

Traders don’t seem to think that this lackluster price action will last for too much longer, however, as open interest for ETH has been rocketing higher throughout the past 12-hours.

Data regarding the number of long positions on cryptocurrency trading platform Bitfinex also indicates that traders are widely expecting it to see a massive upside movement in the near-term.

The number of Ethereum long positions on this platform just hit a fresh all-time high. Although this points to positive sentiment amidst traders, it could also act as fuel for a major decline.

Ethereum Struggles to Garner Upwards Momentum, But Analysts Forecast Upside

At the time of writing, Ethereum is trading up just over 2% at its current price of $195, marking a notable climb from daily lows of under $190 that were set yesterday.

Previously, analysts have noted that it is imperative for the cryptocurrency to surmount its previous resistance at $198, as an ability to do so could help lead it back into the $200 region.

Whether it finds itself caught within an uptrend or downtrend in the weeks ahead could be largely dependent on how it responds to the resistance it faces at just above its current price level.

Analysts do seem to believe that it is positioned to see further short-term upside, with one analyst offering a chart showing that he expects it to visit $210 before seeing a decline into the mid-$100 region.

Ethereum
Image Courtesy of TraderXO

While looking at the chart seen above, it does appear that its high time frame support sits at roughly $140.

Rocketing ETH Long Positions Puts It at Risk of Seeing Major Downside 

Long positions for Ethereum just hit a fresh all-time high on Bitfinex.

“New ATH for ETH longs on BFX… notional nearing another ATH as well, currently around $308m,” one analyst observed.

Image Courtesy of Josh Olszewicz

This has coincided with an over $80 million increase in open interest for the cryptocurrency on BitMEX.

It does appear that the cryptocurrency could be at grave risk of seeing a massive downside movement due to this phenomenon.

Bitcoin’s plummet from highs of over $8,000 to lows of $3,800 in mid-March came about as the result of cascading liquidations due to overleveraged long positions.

It is possible that Ethereum could see a similar type of decline if it begins moving lower, with the liquidations of these positions creating an intense downwards force on the cryptocurrency that leads it to spiral lower.

Featured image from Unplash.
Tweet123Share196ShareSend
Cole Petersen
Cole Petersen

Cole Petersen

Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Ethereum

Ethereum’s Pullback Complete? ETH Set Eyes On 77% Breakout Run

Ethereum has shown signs of strength after completing a healthy pullback. Having met and retested its $4,811 target, ETH is...

Godspower Owie 5 hours ago
Altcoin

Expert Says ‘The Time Has Come’, What Could Drive The Next Explosive Altcoin Season

For the first time in 2025, the United States Federal Reserve is preparing to cut interest rates while the S&P...

Scott Matherson 6 hours ago
Ethereum

This Is The Key Level That Stands Between The Ethereum Price And A Surge To $5,000

The Ethereum price has been in a crucial consolidation phase, with analysts closely watching the next big move. After reclaiming...

Scott Matherson 12 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

ethereum

Ethereum Rally Stalls As Spot And Perpetual Volumes Flatten On Binance

Ash Tiwari 1 hour ago
Ethereum Price Need Breakout

Ethereum Price Need Breakout – Key Hurdles Before Rally Can Continue

Aayush Jindal 2 hours ago
Ethereum

Ethereum Bulls Target $8,500 With Big Money Backing The Move – Details

Christian Encila 4 hours ago

Premium Sponsors

Press Releases

  • Najbolji altcoini za kupnju dok Solana cijena doseže povijesni vrhunac

    Najbolji altcoini za kupnju dok Solana cijena doseže...

    44 minutes ago
  • 3 niskokapitalizirana altcoina koja bilježe snažnu akumulaciju dok se sezona altcoina zahuktava

    3 niskokapitalizirana altcoina koja bilježe snažnu...

    59 minutes ago
  • Trh s kryptoměnami se zahřívá: Bitcoin Hyper (HYPER), Wall Street Pepe (WEPE), Maxi Doge (MAXI) a PepeNode ve hře

    Trh s kryptoměnami se zahřívá: Bitcoin Hyper (HYPER)...

    7 hours ago
  • 3 nízko-kapitálové altcoiny, které zažívají masivní akumulaci během altcoin sezóny

    3 nízko-kapitálové altcoiny, které zažívají masivní...

    8 hours ago
  • A legjobb altcoinok, amiket érdemes megvenni, ahogy a Solana ára megközelíti történelmi csúcsát

    A legjobb altcoinok, amiket érdemes megvenni, ahogy a...

    8 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.