Ethereum Bulls Face Pressure as Long Liquidations Hit
ETH recorded 2.8385K dollars in long liquidations on Binance at 2461.86 dollars.
Leveraged buyers are facing pressure, and the next move depends on whether Ethereum can defend support and regain momentum.
Support sits near 2440 dollars, followed by 2410 dollars.
Resistance stands around 2490 dollars. A confirmed breakout could target 2520 dollars and 2560 dollars.
If support breaks, further downside remains possible. If buyers reclaim resistance with strong volume, a recovery could develop.
Watch ETH closely for confirmation.
$ETH $SOL
#BitcoinShortTermHoldersReach4.08MBTC #NEARRisesNearly10% #NEARRisesNearly10% #AustraliaProposesCryptoTransactionReportingLaw #SolanaAlpenglowUpgradeToActivateOnOct21
ETH recorded 2.8385K dollars in long liquidations on Binance at 2461.86 dollars.
Leveraged buyers are facing pressure, and the next move depends on whether Ethereum can defend support and regain momentum.
Support sits near 2440 dollars, followed by 2410 dollars.
Resistance stands around 2490 dollars. A confirmed breakout could target 2520 dollars and 2560 dollars.
If support breaks, further downside remains possible. If buyers reclaim resistance with strong volume, a recovery could develop.
Watch ETH closely for confirmation.
$ETH $SOL
#BitcoinShortTermHoldersReach4.08MBTC #NEARRisesNearly10% #NEARRisesNearly10% #AustraliaProposesCryptoTransactionReportingLaw #SolanaAlpenglowUpgradeToActivateOnOct21