📉 ETH Liquidation Heat Zone Analysis: 3300-3700 Becomes the "Death Zone"

—— High leverage has been liquidated, when will low leverage large orders be harvested?

🔥 Current liquidation data (key intervals)

According to the latest on-chain data, there are a large number of leveraged positions in the ETH $3300-$3700 range, which may trigger an extreme liquidation wave:

Long liquidation heat zone (Liquidation Heatmap): $3400-$3500: Large accumulation of high-leverage long positions $3600-$3700: Mid-term leveraged positions of institutions/whales Short liquidation heat zone: $3800+: If broken, shorts will face squeeze

💀 High-leverage players have been "taken away"

In the past 24 hours, the drop of ETH from $3650 to $3300 has resulted in:

$120 million+ long positions being liquidated (mainly from retail high leverage) Largest single liquidation: A giant whale's $4.7 million long position was forcibly liquidated at $3450

👉 Market status:

✅ High-leverage (10x+) players have exited

❓ Low-leverage (3x-5x) "heavyweight players" are still holding on

🕵️‍♂️ When will low-leverage large orders be "hanging on the wall"?

Current key market question:

"At what position will low-leverage whale/institution long positions be liquidated?"

📌 Two scenarios that may trigger low-leverage liquidation

1️⃣ Continue to decline to below $3200

If ETH breaks below $3200, some 3x-5x leveraged long positions will enter the danger zone Liquidation target: $3100-$3200 (next layer of liquidity pool)

2️⃣ Rapid rebound to above $3700 followed by a sharp drop

If ETH first rebounds to above $3700, attracting more leveraged longs, then suddenly crashes below $3400, it can harvest "bottom-fishing whales"

🎯 Trading strategy suggestions

⚠️ Warning for leveraged longs

For long positions with leverage above 3x: Be cautious in the $3300-$3400 range; breaking below $3200 may trigger a second wave of liquidation Short-term traders: Focus on $3400 support; if lost, target $3100-$3200

🤑 Opportunities for shorts/wait-and-see players

Shorting opportunity: If it rebounds to $3600-$3700, consider going short, target $3400 Bottom-fishing opportunity: Wait for panic lows after the liquidation wave around $3100-$3200

🚨 Ultimate conclusion

$3300-$3700 = Current "Death Zone", liquidation risk is extremely high High leverage has been liquidated, low-leverage large orders are still "hanging on the edge" Key observation points: $3400 (short-term support, breaking below accelerates downward) $3700 (rebounds limit, can target longs)