⚠️ $ETH SELLING PRESSURE RETURNS! ANOTHER $66.1K IN LONGS WIPED OUT!
Ethereum bulls are facing another challenge! A fresh $66,100 long liquidation at $2,040.93 indicates that leveraged buyers are getting squeezed as downside pressure keeps the market on alert.
The important question is whether ETH is preparing for another liquidity sweep or approaching a potential reversal zone.
📍 ETH MARKET WATCH
- Liquidation Side: Long
- Liquidated Amount: $66,100
- Liquidation Price: $2,040.93
- Immediate Sentiment: Bearish pressure
- Critical Pivot: $2,040
🎯 THE LEVELS THAT MATTER
- Resistance 1: $2,060
- Resistance 2: $2,080
- Support 1: $2,020
- Support 2: $2,000
- Extended Downside Zone: $1,980
🔍 NEXT MOVE — MY MARKET PROJECTION
🔴 Bearish Continuation: If ETH fails to recover above $2,060, sellers could attempt another push toward $2,020. A decisive breakdown may expose the psychological $2,000 level.
🟢 Recovery Opportunity: If buyers defend $2,020 and reclaim $2,060 with convincing volume, ETH could challenge $2,080–$2,100.
🔥 TRADING DESK VERDICT
My preference is to remain defensive while ETH trades below $2,060. I would look for a failed retest of resistance before considering a short setup. A strong reclaim would force a reassessment of the bearish bias.
Watch the $2,040 zone closely. The next reaction could reveal whether bears still have control!
⚠️ Risk Warning: These are conditional price scenarios, not confirmed live support or resistance. Always wait for confirmation, manage position size, and use stop-loss protection.
#ETHUSDt #Ethereum #Cryptotreding #LiquidationAlert #Binancesquare
Ethereum bulls are facing another challenge! A fresh $66,100 long liquidation at $2,040.93 indicates that leveraged buyers are getting squeezed as downside pressure keeps the market on alert.
The important question is whether ETH is preparing for another liquidity sweep or approaching a potential reversal zone.
📍 ETH MARKET WATCH
- Liquidation Side: Long
- Liquidated Amount: $66,100
- Liquidation Price: $2,040.93
- Immediate Sentiment: Bearish pressure
- Critical Pivot: $2,040
🎯 THE LEVELS THAT MATTER
- Resistance 1: $2,060
- Resistance 2: $2,080
- Support 1: $2,020
- Support 2: $2,000
- Extended Downside Zone: $1,980
🔍 NEXT MOVE — MY MARKET PROJECTION
🔴 Bearish Continuation: If ETH fails to recover above $2,060, sellers could attempt another push toward $2,020. A decisive breakdown may expose the psychological $2,000 level.
🟢 Recovery Opportunity: If buyers defend $2,020 and reclaim $2,060 with convincing volume, ETH could challenge $2,080–$2,100.
🔥 TRADING DESK VERDICT
My preference is to remain defensive while ETH trades below $2,060. I would look for a failed retest of resistance before considering a short setup. A strong reclaim would force a reassessment of the bearish bias.
Watch the $2,040 zone closely. The next reaction could reveal whether bears still have control!
⚠️ Risk Warning: These are conditional price scenarios, not confirmed live support or resistance. Always wait for confirmation, manage position size, and use stop-loss protection.
#ETHUSDt #Ethereum #Cryptotreding #LiquidationAlert #Binancesquare