Bullish Breakout Watch – $ETH /USDT

📍 Symbol: $ETH

🔴 Recent Long Liquidation: $139.87K at $2609.00 — significant flush suggests capitulation of weak long positions, potentially paving the way for a reversal.

📉 Market Insight

ETH just witnessed a major long liquidation around the $2609 level, a zone that aligns with a prior support structure. This event likely wiped out over-leveraged positions, leaving room for a more stable and organic upside movement.

Trade Setup

Entry Zones:

Early Positioning: $2610 – $2635 (watch for support confirmation)

Breakout Confirmation: Above $2670 with volume pickup

Stop-Loss:

🔻 Below $2575 – beneath the liquidation wick and recent swing low

Upside Targets:

🎯 Target 1: $2715

🎯 Target 2: $2760

🎯 Target 3: $2845 – key resistance and breakout level from prior range

📌 Key Levels

Support: $2575 / $2609

Immediate Resistance: $2670

Breakout Barrier: $2760

Major Hurdle: $2845

Sentiment & Momentum

The large-scale liquidation points to fear-driven exits, often a precursor to price stabilization and trend reversal. Ethereum remains structurally bullish on higher timeframes — if $2670 is reclaimed, expect strong momentum to return.

Game Plan

Wait for ETH to reclaim $2670 with conviction (preferably on 4H+ close). Breakout traders can enter above that level targeting upper resistance zones. Conservative entries can trail stops tighter once past $2715.

Risk management is crucial. This is a strategic outlook, not financial advice.

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