might soon hit $5,000, according to analyst Ali Martinez. But the altcoin has to break through the supply wall between $4,522 and $4,646.
For the unfamiliar, liquidation occurs when a trader’s position is forcefully closed due to price fluctuations. It could also happen as a result of insufficient margin balance to cover the funding fee. According to Santiment’s data, Ethereum’s aggregated Funding Rate was 0.068%. The positive Funding Rate implied that ETH was trading at a premium perp price above the index value.
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