$ETH / USDT – Long Liquidation Puts Recovery Momentum to the Test
Ethereum recorded a $3.2685K long liquidation near $2,241.76. The forced closure of bullish positions suggests that some leveraged buyers faced pressure. Although the liquidation amount is relatively modest for ETH, it highlights the importance of monitoring demand around the reported price.
Potential Trade Setup
- Entry zone: $2,236–$2,243 after confirmation
- Downside targets: $2,225 / $2,210 / $2,190
- Upside recovery levels: $2,255 / $2,275 / $2,300
- Protective stop-loss: Above $2,256 for a short setup
- Short-term bias: Neutral to bearish below $2,245
Market outlook: If ETH loses $2,236, further downside may develop. A recovery above $2,255 could indicate improving buyer strength. Bitcoin's direction and broader market liquidity will also influence ETH's next move.
#AppleReportsMixedResults
#USMidtermElections
#Verify1to1BinanceReserves
#Binance
Ethereum recorded a $3.2685K long liquidation near $2,241.76. The forced closure of bullish positions suggests that some leveraged buyers faced pressure. Although the liquidation amount is relatively modest for ETH, it highlights the importance of monitoring demand around the reported price.
Potential Trade Setup
- Entry zone: $2,236–$2,243 after confirmation
- Downside targets: $2,225 / $2,210 / $2,190
- Upside recovery levels: $2,255 / $2,275 / $2,300
- Protective stop-loss: Above $2,256 for a short setup
- Short-term bias: Neutral to bearish below $2,245
Market outlook: If ETH loses $2,236, further downside may develop. A recovery above $2,255 could indicate improving buyer strength. Bitcoin's direction and broader market liquidity will also influence ETH's next move.
#AppleReportsMixedResults
#USMidtermElections
#Verify1to1BinanceReserves
#Binance