The price of Ethereum (ETH) experienced a significant decline of 15% as a wave of long liquidations surged, leading to an overwhelming shift in market momentum that allowed bearish sentiment to take control within the cryptocurrency sector. As investors faced mounting pressure, many were forced to liquidate their long positions, exacerbating the downward spiral of ETH's price and signaling a notable change in the overall market dynamics.
source: https://blocknews.com/eth-price-slides-15-as-long-liquidations-surge-and-bears-take-control-in-crypto/