$ETH Trader alert!
Surge! A massive long-term liquidation of $7.57 thousand shatters prices at $2523.99!
The market is in weakness, and this is exactly where smart investors prepare to strike.
Is this fear or opportunity?
Let's analyze the area with utmost precision:
Technical analysis: $ETH /USDT
Price level: $2523.99
Liquidation signal: Bull trap flow - ideal for a rebound.
Buy zone (entry):
$2480 - $2530
This is a highly volatile demand area where whales usually accumulate after stop-loss hunting.
Targets:
Profit target 1: $2635 - quick rebound from structural support.
Profit target 2: $2710 - medium-term recovery from the oversold area. Third target point: $2815 - breakout target if bulls regain dominance.
Stop loss:
$2420 - below the main support barrier. If the price breaks this barrier, expect further decline.
Why does this setup work?
Long-term liquidation = Panic = Opportunity.
The divergence of the Relative Strength Index and volume near $2520 suggests a potential rebound.
Ethereum follows historical V-shaped recovery patterns after liquidation.
Summary:
"Fear fuels wealth. While people run, smart traders prepare."
Eyes are on $ETH - this could be the calm before the breakout storm.
#MarketPullback #BinanceAlphaAlert #BTCBreaksATH110K #MerlinTradingCompetition
