Degen

Ether (ETH) price dropped to $3,337 on Dec. 26, erasing gains from the previous two days. This movement followed a 4% decline in Bitcoin (BTC) and triggered $34 million in liquidations of leveraged ETH longs (buyers). Investors grew more risk-averse as signs of weakness emerged in the United States job market.
Despite the failure to maintain prices above $3,500 over the past week, Ether derivatives markets retained a neutral to bullish stance, suggesting $4,000 remains within reach. Notably, stablecoins in China are trading at parity with the official US dollar rate, indicating no significant outflows from cryptocurrencies in the region.