$ETH LIQUIDATIONS HIT $356M — LEVERAGED TRADERS GET WIPED OUT!
ETH took a brutal hit, guys. After dumping toward $2,406, price recovered but is now chopping sideways around $2,493.
The market is shaking out late longs, and neither side has confirmed the next move yet.
Key levels I'm watching:
🔺 Resistance: $2,520–$2,525
🔻 Support: $2,474–$2,470
If ETH reclaims $2,520 and holds above it, we could see a squeeze toward $2,550 and potentially higher.
But if $2,470 breaks, sellers could push price toward $2,436–$2,406, with $2,400 as the next major level to watch.
The chart shows a recovery after the sharp dump, but ETH is still struggling to build strong bullish momentum.
For now, I'm not chasing either side. Let price break the range and confirm the direction.
Reclaim $2,520 = recovery setup.
Lose $2,470 = downside risk increases.
Stay patient, guys. Let the levels decide. 👀
#EthereumLiquidationsHit$356M
ETH took a brutal hit, guys. After dumping toward $2,406, price recovered but is now chopping sideways around $2,493.
The market is shaking out late longs, and neither side has confirmed the next move yet.
Key levels I'm watching:
🔺 Resistance: $2,520–$2,525
🔻 Support: $2,474–$2,470
If ETH reclaims $2,520 and holds above it, we could see a squeeze toward $2,550 and potentially higher.
But if $2,470 breaks, sellers could push price toward $2,436–$2,406, with $2,400 as the next major level to watch.
The chart shows a recovery after the sharp dump, but ETH is still struggling to build strong bullish momentum.
For now, I'm not chasing either side. Let price break the range and confirm the direction.
Reclaim $2,520 = recovery setup.
Lose $2,470 = downside risk increases.
Stay patient, guys. Let the levels decide. 👀
#EthereumLiquidationsHit$356M