🚨 ETH CAUGHT BETWEEN US$475 MILLION AND US$466 MILLION: WHICH SIDE WILL GIVE WAY FIRST?
$ETH is near US$2,540, but something much bigger is happening behind the scenes.
Data from Coinglass shared by Binance News highlights two areas worth watching:
🔴 If Ethereum falls below approximately US$2,392, the accumulated liquidation pressure on long positions could reach around US$475 MILLION.
🟢 If ETH rises above approximately US$2,618, the accumulated pressure on short positions could approach US$466 MILLION.
In other words: hundreds of millions of dollars are positioned on both sides.
⚠️ This does NOT mean the price will necessarily reach either of these areas. The figures show potential pressure zones if they are reached.
📊 Open the Ethereum chart now.
The battle is getting interesting:
🟢 Breaks above US$2,618 and puts pressure on shorts
🟡 Remains stuck in consolidation
🔴 Loses momentum and increases pressure on longs
👇 Which side do you think will be tested first?
Share your take in the comments and follow Rios Negócios to track market moves before the market decides.
Educational content. Not investment advice.
Source: Binance News / Coinglass
#Ethereum #ETH #Crypto #BinanceSquare #Trading #RiosNegocios
$ETH is near US$2,540, but something much bigger is happening behind the scenes.
Data from Coinglass shared by Binance News highlights two areas worth watching:
🔴 If Ethereum falls below approximately US$2,392, the accumulated liquidation pressure on long positions could reach around US$475 MILLION.
🟢 If ETH rises above approximately US$2,618, the accumulated pressure on short positions could approach US$466 MILLION.
In other words: hundreds of millions of dollars are positioned on both sides.
⚠️ This does NOT mean the price will necessarily reach either of these areas. The figures show potential pressure zones if they are reached.
📊 Open the Ethereum chart now.
The battle is getting interesting:
🟢 Breaks above US$2,618 and puts pressure on shorts
🟡 Remains stuck in consolidation
🔴 Loses momentum and increases pressure on longs
👇 Which side do you think will be tested first?
Share your take in the comments and follow Rios Negócios to track market moves before the market decides.
Educational content. Not investment advice.
Source: Binance News / Coinglass
#Ethereum #ETH #Crypto #BinanceSquare #Trading #RiosNegocios