I’m telling everyone that $ETH just printed a long liquidation at $2842.34 with $4.11K wiped, and that shows late buyers were caught in a trap. I have checked momentum and they are clearly struggling to reclaim the higher range, which suggests selling pressure is still present 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: $2842.34

TP1: $2805

TP2: $2760

TP3: $2700

SL: $2885

If you want to trade this, wait for price to settle near entry instead of reacting emotionally. $ETH

#Mag7Earnings #SouthKoreaSeizedBTCLoss #ScrollCoFounderXAccountHacked #ETHWhaleMovements