🔴 #ETH Liquidated Long: $69.1K at $2,656.30
ETH just flushed $69.1K in long positions at $2,656.30. The liquidation puts immediate pressure on buyers, but the broader daily structure remains constructive: ETH is holding above key moving averages, with $2,660 acting as nearby support and $2,698 as the first major resistance.
Key Support: $2,660
Breakdown Level: $2,630–$2,660
Reclaim Trigger: $2,698
Upside Levels: $2,750 → $2,808
Next Move: ETH needs to reclaim $2,698 decisively. Above that level, the setup points toward $2,750 and then $2,808. If $2,660 breaks and stays lost, expect the correction to deepen toward $2,530.
Signal View: Short-term pressure is bearish, but $2,660 is the line bulls must defend. Reclaim $2,698 and the upside setup is back in play.
Risk: Liquidation data is not a standalone trade signal. Use defined risk and controlled leverage.
Remove Unsupported Technical Claims
Tighten the Market View
Use More Cautious Price Targets
#CerebrasSinksNearly20%OnReportNvidiaToPowerOpenAI #SECProposesCryptoCustodyRules #USStocksCloseHigherOnWeakJobsData #SECApproves3xLongCryptoCommodityETPs #G7PlansToReleaseUpTo100MBarrelsOilDiesel
ETH just flushed $69.1K in long positions at $2,656.30. The liquidation puts immediate pressure on buyers, but the broader daily structure remains constructive: ETH is holding above key moving averages, with $2,660 acting as nearby support and $2,698 as the first major resistance.
Key Support: $2,660
Breakdown Level: $2,630–$2,660
Reclaim Trigger: $2,698
Upside Levels: $2,750 → $2,808
Next Move: ETH needs to reclaim $2,698 decisively. Above that level, the setup points toward $2,750 and then $2,808. If $2,660 breaks and stays lost, expect the correction to deepen toward $2,530.
Signal View: Short-term pressure is bearish, but $2,660 is the line bulls must defend. Reclaim $2,698 and the upside setup is back in play.
Risk: Liquidation data is not a standalone trade signal. Use defined risk and controlled leverage.
Remove Unsupported Technical Claims
Tighten the Market View
Use More Cautious Price Targets
#CerebrasSinksNearly20%OnReportNvidiaToPowerOpenAI #SECProposesCryptoCustodyRules #USStocksCloseHigherOnWeakJobsData #SECApproves3xLongCryptoCommodityETPs #G7PlansToReleaseUpTo100MBarrelsOilDiesel