š Analysis of Ethereum Liquidation Map at the Current Price Level
The liquidation heatmap from Coinglass shows ETH is trading around $3,796 ā a zone where significant liquidation pressure has accumulated in recent days.
š“ Cumulative Long liquidations (red line) have declined sharply as ETH dropped from the $3,850ā$3,600 range. This suggests that many Long positions were wiped out during the recent downtrend.
š¢ On the flip side, cumulative Short liquidations (green line) are increasing sharply, forming a steep curve from $3,800 to $4,200. If ETH breaks above $3,850, there's a high probability of triggering a Short squeeze, as many Short positions are clustered in this area.
š The current price ($3,796.8) remains a contested zone. While the pressure from Longs has eased, failure to break above $3,850 soon may increase the risk of renewed downside toward $3,600.
šÆ Suggested strategy:
Wait for a clear breakout above the $3,850ā$3,880 zone to confirm bullish momentum. If ETH fails at resistance, it may retest the $3,600 level. Entering too early here could be risky, as both sides are showing caution and liquidation flows remain tightly balanced.
