🔴 ETH LONGS TAKE ANOTHER HIT — $228K LIQUIDATED
Ethereum just wiped out $228K in leveraged long positions around $2,534.47, showing that buyers are still under pressure after the recent breakdown.
Key Level: $2,534 Immediate Support: $2,500–$2,510 Recovery Zone: $2,560–$2,600 Risk Zone: Below $2,500
Market View: ETH is sitting near an important support area. If $2,500 holds and buyers reclaim $2,560, a relief bounce toward $2,600 becomes more attractive. But a clean break below $2,500 could trigger another liquidation wave toward lower levels.
Signal Bias: Cautiously bearish until ETH reclaims $2,560.
Trade with controlled leverage and wait for confirmation before entering.
ETH has recently faced heavy long liquidations, with the $2,500 area also identified as an important nearby risk zone.
#IMFSaysTokenizedMarketsSmall #FedMinutesFocusOnOctoberPause #VitalikWarnsAICouldWeakenCryptographySecurity #FrenchHillUrgesCLARITYActPassageInLameDuck #IMFGrantsWaiverForElSalvadorBitcoinBreach
Ethereum just wiped out $228K in leveraged long positions around $2,534.47, showing that buyers are still under pressure after the recent breakdown.
Key Level: $2,534 Immediate Support: $2,500–$2,510 Recovery Zone: $2,560–$2,600 Risk Zone: Below $2,500
Market View: ETH is sitting near an important support area. If $2,500 holds and buyers reclaim $2,560, a relief bounce toward $2,600 becomes more attractive. But a clean break below $2,500 could trigger another liquidation wave toward lower levels.
Signal Bias: Cautiously bearish until ETH reclaims $2,560.
Trade with controlled leverage and wait for confirmation before entering.
ETH has recently faced heavy long liquidations, with the $2,500 area also identified as an important nearby risk zone.
#IMFSaysTokenizedMarketsSmall #FedMinutesFocusOnOctoberPause #VitalikWarnsAICouldWeakenCryptographySecurity #FrenchHillUrgesCLARITYActPassageInLameDuck #IMFGrantsWaiverForElSalvadorBitcoinBreach