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ETHUSD Price Risks $988M Liquidation as Hayes Sees 3-5x Rise

Guavy AI Editorial Team
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Ethereum's (ETHUSD) price movement is precarious, as Coinglass data indicates that if it rises above $2,555, approximately $988 million in short liquidations could occur. Conversely, if it falls below $2,320, around $708 million in long liquidations may result.

Binance News reports net inflows of roughly $102.1M on August 28 into ETHUSD spot CFD, with ETHA drawing about $83.8M. Meanwhile, Bitcoin spot ETFs saw around $202M in outflows that day.

Arthur Hayes, a prominent voice in the crypto space, forecasts Ethereum to rise by 3-5 times its current value based on underappreciation since 2021 and its role in DeFi and strong developer ecosystem. He names Ethereum his top crypto pick for this reason.

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