Massive $ETH Long Liquidation Detected: $5.21K Wiped Out at $2538.07
Ethereum just witnessed a sharp long liquidation flush, triggering a $5,215 worth of long positions at the $2538.07 level. This sudden drop signals intense market volatility and possibly a setup for the next big move.
Technical Analysis
Current Price Zone: After the liquidation, $ETH is showing weakness below the key support of $2550. Price is consolidating near $2525–2535, which is a crucial decision zone.
Buy Zone:
First Buy Zone: $2470 to $2500 (High Probability Entry)
Second Buy Zone (Deep Reversal Zone): $2415 to $2445 (Only if heavy selling continues)
Target Levels:
Short-Term Target: $2580
Mid-Term Target: $2645
Breakout Target: $2710 (If momentum builds above $2645 with strong volume)
Stop Loss:
For Aggressive Entry: $2440
For Conservative Entry: $2395 (Breach below this indicates further downside)
Market Sentiment:
This flush might be a bear trap. Weak hands got shaken out, while whales could be silently accumulating. Volume spikes and funding rates will now decide the next leg. If price holds above $2500 with a strong 4H close, we might see a sharp recovery rally.
