$ETH Current price: 2493, just $7 away from a whale’s liquidation price of 2486!
According to Lookonchain, an address is fully leveraged long on 29,000 ETH (around $73.64 million), with a liquidation price of 2486.33.
1h price action:
High of 2739 → low of 2406, a range of -7.49%. Current price is 2493, hovering right around the Bollinger midline at 2488.
1. Above: 2572 (Bollinger upper band)—only a move above this level would signal a recovery.
2. Below: 2404 (Bollinger lower band)—if it breaks, liquidation prices like 2486 could get swept in one go.
3. Invalidation: If the 1h candle closes and holds above 2572, I’ll admit my cautious outlook was wrong.
A liquidation price isn’t support—it’s a magnet. The levels everyone is watching are often the ones most likely to get wicked through.
Do you think this whale can hold on, or will they get liquidated tonight?
$BTC
#ETH #ContentMining
Just my personal opinion. Be aware of the risks and DYOR.
According to Lookonchain, an address is fully leveraged long on 29,000 ETH (around $73.64 million), with a liquidation price of 2486.33.
1h price action:
High of 2739 → low of 2406, a range of -7.49%. Current price is 2493, hovering right around the Bollinger midline at 2488.
1. Above: 2572 (Bollinger upper band)—only a move above this level would signal a recovery.
2. Below: 2404 (Bollinger lower band)—if it breaks, liquidation prices like 2486 could get swept in one go.
3. Invalidation: If the 1h candle closes and holds above 2572, I’ll admit my cautious outlook was wrong.
A liquidation price isn’t support—it’s a magnet. The levels everyone is watching are often the ones most likely to get wicked through.
Do you think this whale can hold on, or will they get liquidated tonight?
$BTC
#ETH #ContentMining
Just my personal opinion. Be aware of the risks and DYOR.