Ethereum (ETH) fell 7% on Friday, marking its lowest point since late September amid escalating U.S.-China trade tensions and a broader crypto market decline. This downturn led to over $600 million in liquidations across derivatives markets, with Ethereum accounting for $235 million in long position losses. The price drop breached key support levels, with trading volume nearly doubling the 24-hour average.
Ethereum Drops 7% as Crypto Market Faces $600M Liquidations
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