Ethereum price: $343 million in long liquidations push Ether to $2,120

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Analysis: Ether loses around 5 percent on Sunday evening and stands at $2,120, its lowest since August. The trigger is a wave of liquidations in which Ether positions made up the largest share, more than Bitcoin.On Sunday evening, leveraged long positions on Ether snapped one after another.Add as a preferred source on GoogleFollow on Google NewsThe Ethereum price came under pressure on Sunday evening. At around 23:40 German time one Ether cost $2,120, or €1,907, according to CoinGecko, almost 5 percent less than 24 hours earlier. What is documented is that a wave of forced selling of leveraged long positions accompanied the decline, and that Ether was hit harder than Bitcoin. Our assessment follows further down and addresses whether the sell-off has already run its course. The figures for the evening: in the hour to 23:21 German time, positions worth $745 million were forcibly closed on the derivatives market, TokenPost reported, citing exchange data. Around 96 percent of that, ...