#ETHBreaks2k MASSIVE $ETH LONG LIQUIDATION at $2,018.17 – What’s Next for Ethereum?
The crypto market just witnessed a huge long liquidation on Ethereum (ETH), with a staggering $403.6K wiped out at $2,018.17 on Binance! This event has sent shockwaves through traders, raising urgent questions:
Is this a signal of deeper downside, or are the bulls about to make a strong comeback?
Let’s break down the situation and explore what’s next for ETH.
What Triggered This Long Liquidation?
Several key factors could have led to this massive liquidation event:
1️⃣ Weak Support at $2,018 – ETH failed to hold this critical level, leading to a cascade of liquidations as stop-losses were triggered.
2️⃣ Leverage Reset – Many traders were overleveraged on long positions, and when the price dipped, their positions were forcefully liquidated.
3️⃣ Whale Manipulation? – Large players might have deliberately pushed prices lower to liquidate weak longs before accumulating ETH at cheaper levels.
4️⃣ Bitcoin’s Influence – If BTC showed weakness, it could have dragged ETH and other altcoins down, triggering a market-wide correction.
5️⃣ Funding Rate Adjustment – High funding rates often lead to sharp liquidations, allowing the market to reset before the next move.
📊 What Does This Mean for Ethereum?
Bearish Scenario:
A liquidation at $2,018.17 suggests weak buyer demand at this level.
If selling pressure continues, ETH could drop to $1,980 or even $1,950, where the next major support lies.
More long liquidations could trigger a panic sell-off, leading to further declines.
🟢 Bullish Scenario:
If ETH quickly reclaims $2,020-$2,050, it could signal a fakeout, leading to a sharp recovery.
A strong bounce from these levels could push ETH back toward $2,100-$2,150.
If whales were behind this move, they might scoop up ETH at lower prices before a major pump.
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