Following a recent pullback, Ethereum, the leading altcoin, appears to have entered a bearish state, with the asset constantly dropping towards the $4,000 price mark. As the broader crypto market faced a significant downswing on Monday, ETH’s sudden decline has led to the liquidation of several long positions.

Ethereum Leads In Massive Crypto Liquidation

The cryptocurrency market is extremely negative, and Ethereum is once again in the limelight of the waning action after experiencing a massive wave of liquidations. On Monday, the majority of digital assets saw a sharp pullback, causing a notable liquidation in the market. However, ETH was at the forefront of the development, recording the most liquidation.

According to Alphractal, an advanced investment and on-chain data platf

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