Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Ethereum Long-Term Holders’ Liquidations Hit 2-Year High, Losses Loom

Ethereum Long-Term Holders’ Liquidations Hit 2-Year High, Losses Loom

BeInCryptoBeInCrypto2024/12/30 04:17
By:Aaryamann Shrivastava

Ethereum remains below $3,500, pressured by LTH liquidations and panic selling. Flipping $3,524 is key to regaining bullish momentum.

Ethereum continues to face challenges as it struggles to reclaim the $3,500 level, a critical threshold for reaching $4,000. 

Worsening market conditions are compounding the altcoin’s difficulties, reducing the likelihood of a near-term recovery and leaving investors uncertain about the price trajectory.  

Ethereum Losses Mount

Recent Ethereum network transactions have been dominated by losses rather than profits. Many investors are panic selling their holdings, particularly short-term ones, in an attempt to secure gains or reinvest during dips. However, these actions often result in missed opportunities, exacerbating the downturn.  

This behavior highlights the broader lack of confidence among investors. The tendency to exit positions prematurely is contributing to increased volatility, making it harder for Ethereum to regain its footing and stabilize above crucial support levels. 

Ethereum Long-Term Holders’ Liquidations Hit 2-Year High, Losses Loom image 0Ethereum Transactions in Profit/Loss. Source:  Santiment

Ethereum’s Liveliness indicator is at a two-year high, signaling significant activity among long-term holders (LTHs). This metric increases when LTHs liquidate their holdings, which is typically a bearish sign for price stability.  

The continued rise in Liveliness despite declining prices indicates that LTHs are prioritizing profit-taking over supporting recovery. Such behavior undermines market confidence and puts additional pressure on Ethereum’s price, potentially leading to further declines.  

Ethereum Long-Term Holders’ Liquidations Hit 2-Year High, Losses Loom image 1Ethereum Liveliness. Source:  Glassnode

ETH Price Prediction: Breaking Resistance

Ethereum is currently priced at $3,402, holding above the support of $3,327 but failing to break the $3,524 resistance. This consolidation has persisted for nearly two weeks, reflecting the uncertainty in the market and the lack of strong bullish signals.  

Given the prevailing conditions, Ethereum is likely to continue consolidating or experience a drop. A decline could push the altcoin to test the $3,000 level, extending the losses for investors and delaying any significant recovery.  

Ethereum Long-Term Holders’ Liquidations Hit 2-Year High, Losses Loom image 2Ethereum Price Analysis. Source:  TradingView

Alternatively, flipping $3,524 into support could invalidate the bearish outlook. Achieving this milestone would pave the way for Ethereum to reach $3,721, allowing the cryptocurrency to recover losses and restore confidence among its holders.  

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Altcoin Google Searches Surge to 3-Year High

Interest in altcoins spikes as Google searches hit their highest level since 2021, signaling a bullish sentiment in the crypto market.What This Means for the Crypto MarketLooking Ahead

Coinomedia2025/07/22 10:30
Altcoin Google Searches Surge to 3-Year High