The investor, known as ‘1011short’, has expanded their Ethereum holdings to 120,094 ETH at an average liquidation price of 2,234 USD. This new position comes against a current ETH price of approximately 3,260 USD.
Ethereum is experiencing volatility after hitting a daily high of 3,400 USD. Market analysts suggest that the recent decline could be influenced by the Federal Reserve’s recent decision to lower interest rates by 25 basis points.
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