$ETH ā Coinglass Liquidation Map (7D): skewed toward an upside squeeze
š Quick take: upside probability is higher. Coinglass shows cumulative short liquidations stacked above the current price (~4,534) are much thicker, while long clusters below are relatively thin. A push higher can trigger a chain of short covers and amplify momentum.
š Upside trigger areas: 4,567 ā 4,610 ā 4,653 ā 4,697. Holding above 4,697 can extend toward 4,783; 4,826; 4,869 and the 4,913ā5,000 band where liquidation density increases.
š Downside scenario (lower probability but still possible): losing 4,508 then 4,466 could sweep to 4,421. The heaviest cluster sits around 4,335ā4,380; a clean break below 4,330 opens 4,292ā4,249.
šÆ Near-term read: bias favors the upside. Watch for a decisive break and hold above 4,567ā4,610 for confirmation; a close below 4,466 would weaken the intraday structure.
ā ļø Note: the Liquidation Map reflects leveraged derivatives positioning and can change quickly. Levels are not fixed support/resistance; risk management and position sizing remain paramount.
