🚨 Is Ethereum about to explode⁉️💥 The liquidation zone is approaching, is there a surge or a drop?😱🔥
Ethereum (ETH) price is nearing a key liquidation zone, and market volatility is intensifying! Whale trading is active, technical indicators are bullish, but short-term risks are hidden, traders are closely watching for breakout opportunities.
Trading Volume and Liquidation Pressure
In the past 24 hours, ETH trading volume reached 2.75 million, a 7-day low; the weekly high was 4.64 million, and historical data shows that volume increases are often accompanied by upward trends. The liquidation chart shows shorts concentrated between $1,820-$1,860, with the current price at $1,809. If it breaks through $1,820, it may trigger a short squeeze!
Risks and Opportunities Coexist
Over 92,000 ETH has flowed into Binance, indicating selling pressure, while trade frictions are making the market cautious. The technical outlook remains bullish, with an upward trend since the support at $1,500; a breakout above $4,000 is expected, with a long-term target of $10,000 (by 2026)! Volatility may be severe in the coming days, and investors need to stay alert!