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Ethereum Price Forecast: ETH dives 7%, increase in loss realization could spark intense selloff
Ethereum (ETH) dived 7% on Thursday, sparking increased profit-taking and loss realization, as prices approached the cost basis of whales. Increase in loss realization could spark a heavy decline in ETH: Ethereum investors continued their selling activity this week, with profit-taking and loss realization rising as prices remained subdued due to macroeconomic factors. Investors have booked over $500 million in profits and $100 million in losses since Sunday, according to data from crypto analytics platform Santiment. During periods of sustained market declines, loss realization data is one of the main metrics ... (full story)
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