"25x short ETH" whale reduces holdings again, raising liquidation price to $2,556.6
BlockBeats news, on May 18, according to HypurrScan data, the "25x short ETH" whale has reduced its holdings again, decreasing from 41,851 ETH to 15,619 ETH, worth $39.64 million, with the liquidation price rising to $2,556.6.
Worst-case scenario for $ETH (#Ethereum ) 📉 In the event of a potential bearish pullback, the worst-case scenario for the decline we are considering is the support zone of $2300 — a key horizontal level of previous consolidation structures and breakouts. A bounce from $2300 is likely to rekindle buying interest. TARGET: $3063 $3566 $4200+
$ETH /USDT BEARISH BREAKDOWN IN PLAY — WATCH FOR FURTHER SELL PRESSURE!
Current Price: $2,485.91 The chart shows a consistent downtrend after rejection from $2,738, forming lower highs and lower lows. Price is struggling below the $2,536 resistance, with immediate support now at $2,446. Momentum is weak, suggesting continuation to the downside if support breaks.
Key Levels:
Resistance: $2,536 & $2,609
Support: $2,446 & $2,390
Trade Setup (Short):
Entry: $2,485 - $2,495
Take Profit: $2,446 / $2,390
Stop Loss: $2,536
Risk Management: Use 3-5% capital per trade. Adjust position size to maintain healthy risk-reward. Trail your SL if price breaks below $2,446 for added safety.
This trend is not your friend — unless you ride it right! Ride smart, exit sharper! #Write2Earn! #EthereumSecurityInitiative #MastercardStablecoinCards #BinancePizza