The liquidation price for the long position on Ethereum, referred to as “Buddy,” stands at $3,992. This figure is notably just $100 away from the current market price of Ethereum. The proximity of the liquidation price to the current value highlights a critical juncture for traders holding long positions. Liquidation prices are significant because they represent the threshold at which a trader’s position may be forcibly closed by the exchange to prevent further losses. As the market fluctuates, traders must remain vigilant, especially when prices approach these critical levels. The situation underscores the importance of risk management and the need for traders to monitor their positions closely to avoid potential liquidations.
