$ETH From the latest liquidation heat map, the target of the main force has become very clear: the area of 2650-2700 is a disaster area and also the concentrated zone of chips they are aiming to capture next.
Looking at the chart, we can see that around 5:45 PM on May 15, the price hit 2657.91, at that moment, there was a liquidation of as much as 52.52 million USDT. This volume is the brightest and most significant position on the entire chart, indicating that there are many long positions trapped above, and the main force is well aware that there are many 'floating chips' and emotional orders in this area.
The subsequent trend also confirmed this: the price surged and then retreated, directly washing out short-term bulls with a wave of selling. But more crucially, after this wave of selling, the price did not continue to drop immediately; instead, it gradually oscillated upwards and has already begun to approach 2600 again today.
What does this indicate? The main force has not left but is instead accumulating chips and washing out weak hands below, aiming to clear out the uncommitted chips to make the subsequent upward movement easier.
The support around 2500 is solid, having tested the bottom multiple times and rebounded, indicating that the main force is willing to absorb in this range;
Above 2650 is a key battleground, with a high level of liquidation concentration. If it approaches here again, the main force may choose to forcefully break through and crush the shorts;
Oscillation is a layout, liquidation is a signal, amid the tug-of-war between bulls and bears, the main force is screening out opponents.
As long as it does not break below 2500, the main force's intention to control the market remains unchanged, and the probability of continuing to oscillate upward is high. The focus going forward is to observe the price performance in the range of 2650-2700. If it breaks through with volume and stabilizes, it may trigger a chain reaction of short liquidations, initiating a new round of upward movement.
Brothers, the main force is already focused on the chips above, and now is the rhythm of clearing floating chips and changing hands. Donโt get washed out at this critical moment. What you need to do is not chase highs and cut losses but to watch the key support and act only when the timing is right.
