Ethereum (ETH) has experienced a decline in price after reaching a high of $2100 in Q2 2023. Despite recent drops in Bitcoin (BTC), ETH has not fallen below $1700. The DeFi sector has been impacted by ETH's downward trend, but if the mid-range is not broken, ETH could rally to $1825 or $1850. Long and short positions have both suffered losses of over $5 million in the last 24 hours, indicating a neutral position for ETH's future price direction. Traders should keep an eye on upcoming CPI data and the U.S FOMC meeting.
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Ethereum's Weekend Dump Eases Near $1700-Support, Both Longs and Shorts Positions Suffered Over $5 Million Liquidations in Last 24 Hours
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