๐ด ETH LONGS ARE GETTING FLUSHED
$51.9K in leveraged ETH longs just got liquidated at $2,593.68. This adds to the broader long-side pressure hitting ETH today, with more than $100M in ETH long liquidations reported over the past 24 hours. ๏ฟฝ
Coinalyze +1
Key Level: $2,594
Immediate Support: $2,590โ$2,600
Recovery Trigger: $2,650+
Upside Zone: $2,700โ$2,725
Next Move: ETH is sitting near the dayโs lower area, so I would avoid chasing shorts after this flush. A firm hold above $2,590 followed by a reclaim of $2,650 would favor a relief bounce toward $2,700โ$2,725. If $2,590 breaks decisively, downside pressure can extend further.
Signal View: Cautiously bearish below $2,650; bullish momentum only strengthens after a clean reclaim.
Risk management matters โ liquidation events can trigger sharp reversals.
#BinanceLaunchesBinanceIntelligence #SECApproves3XBitcoinETF #WinklevossFilesSpotZcashETFApplication #IglooShutsDownAbstractBlockchain #DubaiVARAIssuesReserveAssetAuditCircular
$51.9K in leveraged ETH longs just got liquidated at $2,593.68. This adds to the broader long-side pressure hitting ETH today, with more than $100M in ETH long liquidations reported over the past 24 hours. ๏ฟฝ
Coinalyze +1
Key Level: $2,594
Immediate Support: $2,590โ$2,600
Recovery Trigger: $2,650+
Upside Zone: $2,700โ$2,725
Next Move: ETH is sitting near the dayโs lower area, so I would avoid chasing shorts after this flush. A firm hold above $2,590 followed by a reclaim of $2,650 would favor a relief bounce toward $2,700โ$2,725. If $2,590 breaks decisively, downside pressure can extend further.
Signal View: Cautiously bearish below $2,650; bullish momentum only strengthens after a clean reclaim.
Risk management matters โ liquidation events can trigger sharp reversals.
#BinanceLaunchesBinanceIntelligence #SECApproves3XBitcoinETF #WinklevossFilesSpotZcashETFApplication #IglooShutsDownAbstractBlockchain #DubaiVARAIssuesReserveAssetAuditCircular