URGENT ALERT! $ETH just plunged -5.44% in 15 minutes, dropping straight to $2,111 with candle volume 74.3x the average! This is clearly a massive long liquidation sweep, with 78.4% of positions previously leaning Long. Although OI rose only slightly, by +0.6%, sudden selling pressure pushed the 15m RSI down to an extreme 5.1. The market is overreacting to something—or simply hunting for liquidity.
DO NOT try to catch a falling knife before a candle confirms a solid close above $2,111. Don’t FOMO into a chase short or rush to Long the bottom. The risk of a reversal or further slippage is very high. $2,111 is critical support; if it breaks, the price could fall further. The nearest resistance levels are currently MA7 at $2,209.99 and $2,246 on the 1H timeframe.
Can $ETH hold the $2,111 level? What scenario are you seeing?
$ETH #EmergencyAlert #CryptoAlert. Disclaimer: This is not financial advice.
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DO NOT try to catch a falling knife before a candle confirms a solid close above $2,111. Don’t FOMO into a chase short or rush to Long the bottom. The risk of a reversal or further slippage is very high. $2,111 is critical support; if it breaks, the price could fall further. The nearest resistance levels are currently MA7 at $2,209.99 and $2,246 on the 1H timeframe.
Can $ETH hold the $2,111 level? What scenario are you seeing?
$ETH #EmergencyAlert #CryptoAlert. Disclaimer: This is not financial advice.
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