๐ด LONG LIQUIDATED: $198K
๐ต Liquidation Price: $2,713.57
A sizeable $198K long has been wiped at $2,713.57, showing how quickly leverage can reverse around ETHโs recent resistance zone.
๐ THE SETUP
โ ๏ธ $2,713โ$2,720 โ immediate battle zone
๐งฑ $2,680โ$2,700 โ first area bulls need to defend
๐จ $2,650 โ deeper support to monitor
๐ $2,720+ reclaim โ potential momentum recovery
ETH recently pushed up to around $2,715 before giving back ground, while daily data shows the market trading inside a volatile $2,653โ$2,695 range on Sept. 29.
๐ฏ NEXT-MOVE SCENARIO
If ETH stabilizes around $2,680โ$2,700 and retakes $2,715โ$2,720, buyers could attempt another push higher.
However, continued rejection near $2,713โ$2,720 followed by a break below $2,680 would keep downside pressure active and put $2,650 back in focus.
๐ฅ TRADER'S TAKE:
This liquidation is a warning about leverage getting cleared, not automatic confirmation of a bearish trend. Interestingly, broader ETH liquidation data has also shown substantial short-side activity recently, so both sides are being exposed to sharp squeezes.
โ ๏ธ Watch the reaction, not just the liquidation print. Confirmation around $2.7K matters more than chasing a fast move.
ETH just knocked out the late longs. Now $2.7K becomes the battlefield โ reclaim it and momentum can rebuild; lose it and the flush may have another chapter. โ๏ธ๐
Market commentary, not financial advice.
๐ต Liquidation Price: $2,713.57
A sizeable $198K long has been wiped at $2,713.57, showing how quickly leverage can reverse around ETHโs recent resistance zone.
๐ THE SETUP
โ ๏ธ $2,713โ$2,720 โ immediate battle zone
๐งฑ $2,680โ$2,700 โ first area bulls need to defend
๐จ $2,650 โ deeper support to monitor
๐ $2,720+ reclaim โ potential momentum recovery
ETH recently pushed up to around $2,715 before giving back ground, while daily data shows the market trading inside a volatile $2,653โ$2,695 range on Sept. 29.
๐ฏ NEXT-MOVE SCENARIO
If ETH stabilizes around $2,680โ$2,700 and retakes $2,715โ$2,720, buyers could attempt another push higher.
However, continued rejection near $2,713โ$2,720 followed by a break below $2,680 would keep downside pressure active and put $2,650 back in focus.
๐ฅ TRADER'S TAKE:
This liquidation is a warning about leverage getting cleared, not automatic confirmation of a bearish trend. Interestingly, broader ETH liquidation data has also shown substantial short-side activity recently, so both sides are being exposed to sharp squeezes.
โ ๏ธ Watch the reaction, not just the liquidation print. Confirmation around $2.7K matters more than chasing a fast move.
ETH just knocked out the late longs. Now $2.7K becomes the battlefield โ reclaim it and momentum can rebuild; lose it and the flush may have another chapter. โ๏ธ๐
Market commentary, not financial advice.