#ETH Liquidation Heatmap Analysis: 2540 Key Level Hides Secrets
Last night ETH/USDT suddenly formed a long wick near 2540, accompanied by nearly 70 million in liquidation intensity, releasing two signals on the chart:
Main force accurately targets liquidity
The 2540-2580 range has seen continuous large liquidation hotspots, indicating a significant accumulation of high-leverage orders. After the price quickly spiked, it rebounded rapidly, a typical method of dual liquidation for both bulls and bears. Retail contract traders should be cautious of such "fishing points".
Key level competition intensifies
The current price forms short-term support at 2540, but the heatmap shows a dense liquidation wall above at 2580. If it breaks through with volume, short stop-loss orders may accelerate the market; conversely, falling below 2540 could trigger a long squeeze.
Response strategy
Short-term traders are advised to buy low and sell high in the 2540-2580 range, with a 1% stop-loss.
Medium to long-term holders can wait for a volume breakthrough above 2580 before adding positions on the right side.
Yesterday, the community called for a short at 2640, taking profits in batches at 2600-2550-2510.
Fans who received this short call have made a lot of profit.
