ETH just saw another wave of long positions wiped out, with $64.5K liquidated at $2,593.99.
This liquidation highlights strong pressure on leveraged buyers around the $2.59K zone. If ETH fails to reclaim $2,600–$2,610, sellers could push for another downside sweep toward $2,560–$2,540.
Next Move: Bearish below $2,600. A clean reclaim of $2,610 would weaken the downside setup and could open a recovery toward $2,650.
Signal View: Avoid aggressive longs until ETH proves that buyers can regain control above the $2.6K area.
Risk remains high around liquidation zones.
#BinanceLaunchesBinanceIntelligence #DubaiVARAIssuesReserveAssetAuditCircular #StrategyMarketCapSurpassesRumble #SECApproves3XBitcoinETF #IglooShutsDownAbstractBlockchain
This liquidation highlights strong pressure on leveraged buyers around the $2.59K zone. If ETH fails to reclaim $2,600–$2,610, sellers could push for another downside sweep toward $2,560–$2,540.
Next Move: Bearish below $2,600. A clean reclaim of $2,610 would weaken the downside setup and could open a recovery toward $2,650.
Signal View: Avoid aggressive longs until ETH proves that buyers can regain control above the $2.6K area.
Risk remains high around liquidation zones.
#BinanceLaunchesBinanceIntelligence #DubaiVARAIssuesReserveAssetAuditCircular #StrategyMarketCapSurpassesRumble #SECApproves3XBitcoinETF #IglooShutsDownAbstractBlockchain