Ethereum’s (ETH) performance remains lackluster as it trades around $2,200 today after gaining 1.04% on Tuesday. Today, ETH price is up nearly 2% in an attempt to recoup the losses due to the 15% crash noted on March 3. Due to the drastic plummets and rallies and the upcoming Crypto Summit on March 7, traders are more eager than ever and anticipate a rally. As a result, CoinGlass data shows more than $700 million worth of long positions will be wiped if Ethereum price drops nearly 8%. Let’s explore if ETH will drop lower and hunt the eager bulls or continue to ascend higher.
