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Does Ethereum’s flash crash to $2K mean ETH’s bullish momentum is gone?
Ether (ETH) price faced a substantial 14% correction on Jan. 3, as the price dropped from $2,380 to $2,050 in less than 2 hours. This price level had not been seen since Dec. 1, 2023 and the unexpected swing led to the liquidation of $100 million worth of ETH long future contracts, which were leveraged bets on the price increase.