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🔴 ETH LONGS HIT — $949K LIQUIDATED AT $2,574.48
A serious flush just swept through ETH longs, with nearly $1M in leveraged positions wiped out around $2,574.48. This adds pressure to an already weak short-term structure, especially as ETH is trading near the $2.6K area.
Key Level: $2,574
Immediate Resistance: $2,620–$2,650
Upside Trigger: Reclaim $2,650 and hold
Downside Risk: Lose $2,574 → $2,530–$2,500 could come into focus
Next Move: I’d stay defensive here. If ETH stabilizes above $2,574 and buyers reclaim $2,620–$2,650, a relief bounce can develop. But another clean break below $2,574 would favor further downside before a stronger recovery.
Signal View: Bearish below $2,574 | Recovery setup above $2,650
Risk disclaimer: This is a market view, not financial advice. Manage leverage and risk carefully.
#BinanceLaunchesBinanceIntelligence #DubaiVARAIssuesReserveAssetAuditCircular #StrategyMarketCapSurpassesRumble #WinklevossFilesSpotZcashETFApplication #IglooShutsDownAbstractBlockchain
🔴 ETH LONGS HIT — $949K LIQUIDATED AT $2,574.48
A serious flush just swept through ETH longs, with nearly $1M in leveraged positions wiped out around $2,574.48. This adds pressure to an already weak short-term structure, especially as ETH is trading near the $2.6K area.
Key Level: $2,574
Immediate Resistance: $2,620–$2,650
Upside Trigger: Reclaim $2,650 and hold
Downside Risk: Lose $2,574 → $2,530–$2,500 could come into focus
Next Move: I’d stay defensive here. If ETH stabilizes above $2,574 and buyers reclaim $2,620–$2,650, a relief bounce can develop. But another clean break below $2,574 would favor further downside before a stronger recovery.
Signal View: Bearish below $2,574 | Recovery setup above $2,650
Risk disclaimer: This is a market view, not financial advice. Manage leverage and risk carefully.
#BinanceLaunchesBinanceIntelligence #DubaiVARAIssuesReserveAssetAuditCircular #StrategyMarketCapSurpassesRumble #WinklevossFilesSpotZcashETFApplication #IglooShutsDownAbstractBlockchain