The market is at a critical point, with potential liquidations and whale activity influencing the price.ยน
*Key Levels to Watch:*
- *Liquidation Trigger Zone:* $4,900-$5,200 (potential $6.8-$7.5 billion in liquidations) ๐จ
- *Immediate Downside Target:* $3,300 ๐
- *Full-blown Panic Scenario:* $2,700-$2,900 before a potential bounce ๐
*Whale Strategy:*
- *Short Setup Zone:* $4,800-$4,950
- *Profit Target:* $3,200
- *Stop Loss:* $5,250 (to avoid being trapped by a breakout)
*Bullish Undercurrent:*
- *Vitalik Buterin's Comments:* Low-risk DeFi protocols could introduce stable revenue streams ๐ก
- *Institutional Interest:* Growing demand from institutional investors, evident in increasing ETF holding ratios ๐
- *Fusaka Upgrade:* Slated for December 3rd, introducing 12 Ethereum Improvement Proposals (EIPs) ๐
*Stay Alert!* ๐ Keep an eye on Ethereum's price movement and adjust your strategy accordingly. #Ethereum #ETH #CryptoMarket #LiquidationZone #WhaleActivity
