$ETH is testing a major long-term support zone around $1,600–$1,800.
If buyers defend this level, the first resistance is $2,400–$2,800, followed by $3,500.
A breakout above $3,500 could fuel a rally toward the previous ATH near $4,800–$5,000, while losing support would weaken the bullish outlook.
#baby $BABY @babylonlabs_io
I use to think liquidation was mostly a price question, but Babylon make it look like a timing problem.
My thesis is simple: P(Health Factor < 1) measures path RISK, not just where BTC finish.
The testnet counts only 78% of BTC collateral value, so a position dosent have the cushion its balance suggest.
Once health factor slips below 1.0, liquidation can clear within one or two blocks, wich means a small dip may matter more than the daily close. ⚠️
$BABY trades ...
⚡️My View In $ETH
$ETH looks stronger than $BTC, so in my opinion the probability of reaching the second zone is minimal. Of course, there is still a chance we won’t even reach the first long zone, but I can’t give a super risky long.
As expected, FED did not cut rates yesterday.
Over the next 30–90 days, I expect the final correction to begin. So be careful.