$ETH Technical Breakdown
A long liquidation of $1.55K just occurred at $4,194.02, pointing to leveraged buyers being forced out as volatility tightened.
Key Price Marks:
Support: $4,120 – crucial defense for bulls.
Resistance: $4,280 – a breakout here could fuel continuation toward $4,400.
Market Pulse:
The liquidation hints at short-term weakness, but ETH remains in a broader uptrend. As long as it stays above $4,100, buyers retain control. A decisive move through $4,280 may ignite a rally.
Trade Plan:
Buy Zone: $4,140 – $4,180
Profit Target: $4,270 – $4,320
Stop Loss: Under $4,080
Next Move: Watch for consolidation near $4,200. Holding this region favors accumulation before a potential breakout run.
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