๐ข ETH SHORTS JUST GOT CAUGHT OFFSIDE!
๐ฅ $80.2K SHORT LIQUIDATED
๐ Liquidation Price: $2,688.53
โก Side: SHORT
A short position getting wiped at $2,688.53 is a small but important signal: sellers are being forced to exit as ETH fights to hold the $2.7K region.
And this is where things get interesting. ๐
โ๏ธ THE BATTLE ZONE
ETH has been trading around the $2,700โ$2,730 area, while derivatives leverage remains elevated. Current ETH open interest is around $34B, meaning another sharp move could trigger additional liquidations on either side.
๐ MY NEXT-MOVE BIAS
Above $2,730 โ ๐ข BULLISH
A clean breakout and hold could open the path toward:
๐ฏ $2,760
๐ฏ $2,800
๐ฅ $2,850
Below $2,680 โ ๐ด WARNING
Losing this zone could invalidate the immediate bullish setup and send ETH back toward:
โ ๏ธ $2,650
โ ๏ธ $2,620
๐ฏ TRADER'S TAKE
Iโm leaning cautiously bullish while ETH stays above $2,680.
But I wouldn't blindly chase a green candle. The stronger setup would be a breakout โ retest โ continuation.
If ETH reclaims $2,730 with volume, shorts could become the fuel for the next upside leg. ๐
Key trigger: $2,730
Critical support: $2,680
Upside targets: $2,760 โ $2,800 โ $2,850
โ ๏ธ Educational market commentary, not financial advice. Use proper risk management and avoid excessive leverage.
#ETHUp70%InQ3ButLiquidityFalls #EthStakingExitQueueHits2026High #FedOctoberHoldOdds82.3% #Nikkei225Jumps2.5%ToThreeMonthHigh #DriftHackVictimsBeginClaims
๐ฅ $80.2K SHORT LIQUIDATED
๐ Liquidation Price: $2,688.53
โก Side: SHORT
A short position getting wiped at $2,688.53 is a small but important signal: sellers are being forced to exit as ETH fights to hold the $2.7K region.
And this is where things get interesting. ๐
โ๏ธ THE BATTLE ZONE
ETH has been trading around the $2,700โ$2,730 area, while derivatives leverage remains elevated. Current ETH open interest is around $34B, meaning another sharp move could trigger additional liquidations on either side.
๐ MY NEXT-MOVE BIAS
Above $2,730 โ ๐ข BULLISH
A clean breakout and hold could open the path toward:
๐ฏ $2,760
๐ฏ $2,800
๐ฅ $2,850
Below $2,680 โ ๐ด WARNING
Losing this zone could invalidate the immediate bullish setup and send ETH back toward:
โ ๏ธ $2,650
โ ๏ธ $2,620
๐ฏ TRADER'S TAKE
Iโm leaning cautiously bullish while ETH stays above $2,680.
But I wouldn't blindly chase a green candle. The stronger setup would be a breakout โ retest โ continuation.
If ETH reclaims $2,730 with volume, shorts could become the fuel for the next upside leg. ๐
Key trigger: $2,730
Critical support: $2,680
Upside targets: $2,760 โ $2,800 โ $2,850
โ ๏ธ Educational market commentary, not financial advice. Use proper risk management and avoid excessive leverage.
#ETHUp70%InQ3ButLiquidityFalls #EthStakingExitQueueHits2026High #FedOctoberHoldOdds82.3% #Nikkei225Jumps2.5%ToThreeMonthHigh #DriftHackVictimsBeginClaims