A massive $2.8127K long liquidation just hit $ETH at $2484.87, shaking weak hands and creating a wave of volatility across the market. Here's a complete technical breakdown and a strategic trading plan tailored for serious traders:
Current Sentiment:
The long liquidation signals overleveraged longs getting flushed out. This usually happens when price triggers key liquidity zones, suggesting a potential short-term bottom formation or further breakdown if demand fails to step in.
$ETH Analysis & Strategy
Buy Zone:
Primary Support: $2430 – $2480
This zone includes the liquidation level and prior demand from late April. Accumulation here shows signs of smart money re-entry. Watch for strong bullish reaction or bullish engulfing candles on 1H/4H charts.
Secondary Entry (Safer Confirmation):
Break and retest of $2520
If ETH reclaims $2520 and holds, it confirms buyer strength post-liquidation.
Target Levels:
1. Target 1: $2580 – Short-term resistance
2. Target 2: $2645 – 4H supply zone and recent lower high
3. Target 3: $2720 – Strong weekly resistance and major profit-taking level
Stop-Loss:
Below $2420
If ETH closes below $2420 on the 4H chart, it invalidates the long thesis and indicates further downside risk toward $2350.
Conclusion:
This liquidation event has opened a tactical opportunity. The price dipping to $2484.87 is not random—it’s engineered by market makers to flush out late long entries. If you’re planning to enter, do it smartly: wait for confirmation, follow the plan, and let the market come to you.
Trade safe and follow the zones. The next $ETH move could be explosive.