🔴 ETH LONGS JUST TOOK A HIT
$98.5K in ETH long positions were liquidated at $2,592.94, adding fresh pressure around a level where buyers need to defend the downside.
ETH is currently trading near the lower end of today’s range, while recent market data shows elevated selling pressure and a 24H low around $2,596.
Key Zone: $2,590–$2,600
Bullish Trigger: Reclaim $2,650
Upside Targets: $2,690 → $2,725
Risk Zone: Below $2,590
Next Move: I’d watch the $2,590–$2,600 area closely. A strong reclaim of $2,650 could signal that the liquidation flush is losing momentum; failure to hold the zone keeps ETH vulnerable to another leg lower.
Signal View: Short-term cautious/bearish until ETH proves strength above $2,650.
Trade with controlled leverage and defined risk.
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$98.5K in ETH long positions were liquidated at $2,592.94, adding fresh pressure around a level where buyers need to defend the downside.
ETH is currently trading near the lower end of today’s range, while recent market data shows elevated selling pressure and a 24H low around $2,596.
Key Zone: $2,590–$2,600
Bullish Trigger: Reclaim $2,650
Upside Targets: $2,690 → $2,725
Risk Zone: Below $2,590
Next Move: I’d watch the $2,590–$2,600 area closely. A strong reclaim of $2,650 could signal that the liquidation flush is losing momentum; failure to hold the zone keeps ETH vulnerable to another leg lower.
Signal View: Short-term cautious/bearish until ETH proves strength above $2,650.
Trade with controlled leverage and defined risk.
#BinanceLaunchesBinanceIntelligence #DubaiVARAIssuesReserveAssetAuditCircular #SECApproves3XBitcoinETF #WinklevossFilesSpotZcashETFApplication #IglooShutsDownAbstractBlockchain