A significant Ethereum whale has liquidated a substantial long position of 10,543 ETH, resulting in a realized loss of $1.42 million. This liquidation took place amidst volatile market conditions, with the whale’s average entry point at around $2,608.36. The trade occurred near key support levels for Ethereum, influencing price movements and triggering potential cascading effects on the crypto market as a whole. Market analysts are watching closely for similar behavior from other prominent Ethereum wallets, due to heightened volatility. 10,543 ETH was liquidated at an average price of $2,473.61 within the last hour, resulting in a total loss of $26 million. Experts emphasize that this liquidation highlights the risks associated with leveraged trading positions during times of market instability.