Ethereum plunges below $4,000: Single trader suffers catastrophic $36.4M liquidation

A major Ethereum trader experienced a devastating $36.4M liquidation as ETH dropped below the $4,000 threshold on Thursday. Technical analysis suggests Ethereum could face further 10-15% declines, potentially reaching the $3,600-$3,400 support zone, with over $718 million in long positions liquidated this week alone.