Ethereum long squeeze risk rises as ETH price dips to $2,100

Ether risks over $2.5 billion in long liquidations below $2K, with volatility increasing the chance of a retest of $1,800 support.

Ether (ETH) traded lower on Thursday after a fresh knee-jerk reaction to yesterday’s US interest rate decision and a higher inflation outlook.

Key takeaways:

ETH dropped 7% to $2,100 on Thursday, liquidating $144 million in longs.

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