📊 $ETH Orderbook & Heatmap Liq – The $1562 region is an important "frontline" for ETH
At the time ETH is trading around $1610, there is a huge Buy Limit wall: 8,887 ETH at the price of $1562 – equivalent to about 13.8 million USD waiting at this support zone.
In comparison with Liq #Heatmap , it is clear that the densest liquidity area of side #long is just below $1565 – perfectly matching the buy wall that is being placed. This indicates:
➡️ A large amount of Long positions may be threatened with liquidation below this area, and that buy wall may be erected to "support the price", protecting those important Long positions. This is short-term data and can change quickly. If:
- Long orders are force closed or
- The buy wall at $1562 is removed
Then ETH is likely to break deeply below this area, creating significant selling pressure and leading to a liquidation cascade in the short term.
Currently, the $1562 region is a psychological "support" for the Long side – if broken, the market will shake very strongly. It's essential to closely monitor the order book and heatmap to avoid getting caught at the peak or "holding Long" while the market is in a tug-of-war.
