$170M Ether longs liquidated as crypto market tumbles: Is ETH doomed?

ETH price hangs in the balance as a fresh wave of liquidations pressure the altcoin and spillover from Bitcoin’s struggles to hold $62,000 impact investor sentiment.

Key takeaways:

Negative ETH futures funding rates and six weeks of spot ETF outflows highlight a fragile investment climate.

Ethereum’s 53% market share in DeFi keeps it well-placed for a recovery, even as negative news continues to batter the network.

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