I’m telling everyone that $ETH just printed a long liquidation at $2882.2 with $124.03K wiped, and that shows late buyers were caught in a trap. I have checked momentum and they are clearly struggling to hold the higher range, which signals that selling pressure is still active at these levels. This is why you need to be careful here, the structure looks weak in the short term but my analysis says a technical bounce is still possible once forced selling pressure fades and price stabilizes.
EP: $2882.2
TP1: $2840
TP2: $2795
TP3: $2730
SL: $2925
If you want to trade this, wait for price to settle near entry instead of reacting emotionally.
