Ethereum ($ETH ) Long Liquidation – Bearish Pressure Rising!
Ethereum has just experienced a $6.42K long liquidation at $2,621.60, indicating that buyers are losing strength as selling pressure increases.
Key Levels:
🔻 Resistance: $2,660 – $2,700
🔻 Support: $2,580 – $2,610
Market Insight:
With long positions getting wiped out, $ETH could see further downside if $2,600 fails to hold.
A rebound above $2,640 would indicate recovery,
but failure to reclaim this level may result in a deeper drop.
Next Move:
🔸 Sell Entry: $2,630 – $2,650 (if rejection persists)
🔸 Buy Target: $2,580 – $2,600 (if support holds)
🔸 Stop-Loss: $2,680 for shorts
Watch $ETH ’s reaction near $2,600—a breakdown could push it lower,
while a bounce could trigger recovery toward $2,660+.
Stay cautious!
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