ETHEREUM $ETH — Longs Got Trapped

🔴 Long Liquidation: $59.5K

📍 Liquidation Price: $2,973.81

Ethereum showed the other side of the market today. Overconfident longs jumped in early — and the market pulled the rug. This was a classic liquidity sweep to the downside.

Market Structure

$ETH lost short-term bullish structure but hasn’t fully broken down. This looks like a reset, not a collapse.

Support Zone

Major support at 2,930 – 2,950

If this fails, sellers gain control.

Resistance Zone

Strong resistance at 3,020 – 3,050

Next Targets 🎯

If support holds: 3,080

Break above resistance: 3,150 – 3,200

If support breaks: 2,880

Stop-Loss 🛑

For longs: below 2,910

For shorts: above 3,060

Bias

Neutral to cautious bullish. ETH needs confirmation before trusting longs again.

🧠 Market Takeaway

Liquidations are not random events — they are footprints of fear and greed.

BTC is squeezing shorts.

HYPE is exploding on thin books.

ETH is shaking out weak hands.

Smart money waits.

Impatient money pays.