$ETH saw a long liquidation around $2,093.51, signaling a downside liquidity grab that removed weak long positions during heightened volatility. This move pushed ETH back into a strong demand zone between $2,060–$2,100 where buyers historically defend aggressively. As long as ETH holds above this region, a recovery toward immediate resistance near $2,150–$2,200 remains likely, with the next upside target around $2,280 where heavier selling pressure previously emerged. Long liquidations often coincide with short-term bottoms when followed by consolidation. A failure to hold $2,060 would expose ETH to deeper downside toward $1,980 before renewed buying interest. Overall structure favors a corrective bounce attempt. $ETH

ETH
ETHUSDT
2,066.55
-0.64%