Ether Trader Faces Near Ruin Following Dramatic Surge from $125K to $43M
Trader's Liquidation: A cryptocurrency trader who grew their account from $125,000 to over $43 million faced a liquidation of $6.2 million due to Ether's price drop near $4,000 during a market correction.
Impact on Other Traders: The downturn also affected other traders, including multimillionaire James Wynn, whose long Ether position was partially liquidated, leaving him with only $300,000 worth of ETH.
Whale Activity: During the market decline, several large Ethereum whales sold off significant amounts of ETH, totaling $147 million, while some savvy traders viewed the situation as a buying opportunity.
Market Focus: Investors are closely watching the upcoming speech by US Federal Reserve Chair Jerome Powell, which is expected to influence future movements in the cryptocurrency market more than technical analysis.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for X
Technical Sentiment Analysis for X Empire (X) As of , X Empire (X) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for X stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, X is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
X Empire (X) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00000588 | 0.00000888 | 0.0000114 | 0.0000144 | 0.000017 | 0.00002 | 0.0000225 |
| Fibonacci | 0.00000888 | 0.000011 | 0.0000123 | 0.0000144 | 0.0000165 | 0.0000179 | 0.00002 |
About X
About the author
