🔴 ETH Longs Take Another Hit
$97.1K in ETH long positions was liquidated at $2,568.28 — another warning that leveraged buyers are being forced out as ETH trades under heavy selling pressure.
ETH is currently hovering around the $2.56K area, with $2,558–$2,500 emerging as an important downside zone. A clean recovery above $2,600 would be the first sign that buyers are regaining control.
📉 Downside Risk: Losing $2,550 could expose ETH to a deeper move toward $2,500.
📈 Recovery Trigger: Reclaim $2,600 and hold it as support, then $2,650 becomes the next area to watch.
🎯 Next Move: My bias stays cautious/bearish until ETH proves it can reclaim $2,600. Avoid chasing longs during the liquidation pressure; wait for confirmation before taking the next position.
Signal View: ⚠️ Defensive — let ETH stabilize before adding leverage.If you want, I can also .
#FedMinutesFocusOnOctoberPause #BinanceLaunchesBinanceIntelligence #EvernorthDelaysNasdaqDebutToOct12 #USMortgageRatesRiseTo7.49% #DubaiVARAIssuesReserveAssetAuditCircular
$97.1K in ETH long positions was liquidated at $2,568.28 — another warning that leveraged buyers are being forced out as ETH trades under heavy selling pressure.
ETH is currently hovering around the $2.56K area, with $2,558–$2,500 emerging as an important downside zone. A clean recovery above $2,600 would be the first sign that buyers are regaining control.
📉 Downside Risk: Losing $2,550 could expose ETH to a deeper move toward $2,500.
📈 Recovery Trigger: Reclaim $2,600 and hold it as support, then $2,650 becomes the next area to watch.
🎯 Next Move: My bias stays cautious/bearish until ETH proves it can reclaim $2,600. Avoid chasing longs during the liquidation pressure; wait for confirmation before taking the next position.
Signal View: ⚠️ Defensive — let ETH stabilize before adding leverage.If you want, I can also .
#FedMinutesFocusOnOctoberPause #BinanceLaunchesBinanceIntelligence #EvernorthDelaysNasdaqDebutToOct12 #USMortgageRatesRiseTo7.49% #DubaiVARAIssuesReserveAssetAuditCircular