Today's leveraged liquidations have been pretty brutal.
Long positions worth $3.78 million were liquidated at $ETH , down 1.34% over 24 hours.
After consecutive liquidations of long positions, market leverage on the long side will ease. There may be a chance of a rebound once selling pressure has been released.
Where do you see the dividing line?

#ETH

Just my personal opinion, for reference only.