Ethereum Liquidation Warning: Risks of High-Leverage Trading in ETHMarkets

I experienced a liquidation of my long position in ETH, totaling $91,300 at a price of $3,668.57. This recent movement highlights the volatility inherent in the Ethereum market, especially in the current trading environment where leverage can lead to significant liquidations for traders who are not prepared for rapid price swings. It serves as a reminder to manage risk carefully and consider the potential for sudden market reversals. While the ETH price has been fluctuating, such liquidations showcase the importance of setting proper stop-loss orders and avoiding excessive leverage to prevent similar losses in the future.