$ETH /USDT — Liquidity Event Brief
Market Update
A significant long liquidation of approximately 66.9K USDT occurred near 3,109.34, reflecting forced exits from leveraged long positions after rejection at local resistance. This event signals a leverage flush rather than automatic trend reversal.
Market Structure
The liquidation swept liquidity above the intraday range and pushed ETH back into its prior consolidation zone. If price stabilizes above the key demand region, the broader bullish structure remains intact. Follow-through selling is the key variable to monitor.
Trade Perspective
Bias: Cautious, reaction-based
Potential Long Reaction
Entry Zone: 3,040 – 3,070
Invalidation: Sustained break below 2,985
Upside Levels to Watch:
3,150
3,260
3,420
Risk Notes
Failure to reclaim 3,110 on a rebound would suggest continued range trading or deeper retracement. Avoid chasing rebounds immediately after liquidation events; wait for structure to rebuild.
Liquidations reset leverage. Only structure confirms direction
#USNonFarmPayrollReport #USTradeDeficitShrink #ZTCBinanceTGE #ETH🔥🔥🔥🔥🔥🔥 #ETHETFsApproved