$ETH – Long Liquidation Update

Liquidation: $1.1517K long wiped at $2923.0

ETH saw long liquidations near the $2920 zone, indicating buyers were over-leveraged during the recent push. This suggests short-term weakness and profit-taking pressure. Price losing momentum near resistance can invite a pullback toward lower supports.

Key Levels

Resistance: $2960 – $3000

Support: $2880 → $2820

Outlook:

Caution for longs near resistance. A clean reclaim above $2960 is needed for continuation; otherwise, expect consolidation or a dip