According to The Kobeissi Letter, on February 2nd, Ethereum experienced a substantial 25% price swing within one hour, leading to significant market liquidations. This volatility highlights the inherent risks in trading Ethereum, which is the second largest cryptocurrency by market capitalization, currently valued at approximately $300 billion.

According to The Kobeissi Letter, Ethereum experienced a nearly 25% price swing in just one hour on February 2nd, which is significant given its status as the second-largest cryptocurrency. The market capitalization of Ethereum is currently around $300 billion. This substantial volatility is a critical factor for traders considering the potential for rapid gains or losses in short periods. Such swift movements can lead to liquidation events, impacting leveraged positions and affecting overall market sentiment. Source: The Kobeissi Letter.