#ETHđ„đ„đ„đ„đ„đ„
$ETH is testing a key support level while traders stay heavily long.
What's happening:
đ ETH is at about $2,648, down roughly 2% in 24h as the wider market dipped.
đ„ Long liquidations hit roughly $30M on ETH alone, part of a broader flush.
đ§ Upgrade watch: the Glamsterdam upgrade has a Sepolia testnet fork scheduled for Oct 6, with mainnet targeted for Q4 2026.
Key levels:
đĄ Support: ~$2,650 (being tested right now)
đą Deeper support zone: $2,375â$2,400
Positioning: 73.8% of Binance ETH accounts are long (long/short ratio 2.81). That is very one-sided. If $2,650 breaks, a long squeeze could push price toward the deeper zone. If it holds, bulls get a clean bounce setup.
$ETH is testing a key support level while traders stay heavily long.
What's happening:
đ ETH is at about $2,648, down roughly 2% in 24h as the wider market dipped.
đ„ Long liquidations hit roughly $30M on ETH alone, part of a broader flush.
đ§ Upgrade watch: the Glamsterdam upgrade has a Sepolia testnet fork scheduled for Oct 6, with mainnet targeted for Q4 2026.
Key levels:
đĄ Support: ~$2,650 (being tested right now)
đą Deeper support zone: $2,375â$2,400
Positioning: 73.8% of Binance ETH accounts are long (long/short ratio 2.81). That is very one-sided. If $2,650 breaks, a long squeeze could push price toward the deeper zone. If it holds, bulls get a clean bounce setup.
