Ethereum Nears Breakout as $1 Billion in Liquidations Build — What’s Next for ETH Price?
January 9, 2026 · 6:33 PM
The article discusses the current state of the cryptocurrency market, particularly focusing on Ethereum (ETH) as it approaches a potential breakout amidst $1 billion in liquidations. The market is experiencing increased volatility due to upcoming macroeconomic events, including U.S. unemployment data and a Supreme Court ruling. Although there was a temporary bullish surge in prices for Bitcoin, Ethereum, and other major altcoins, this momentum was short-lived, leading to a return of selling pressure and prices settling back into previous ranges.
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