$ETH Liquidity Hunt: December 2025 Showdown ๐ฏ
**Updated: December 2, 2025 | Price ~$2,730**
ETH just got wrecked โ down 8% in 24h, 29% monthly โ with $140M in long liquidations as Yen carry fears and macro tightening crushed risk appetite. Leverage is reset, retail is rinsed, and whales are quietly stacking.
### Current Liquidity Map (CoinGlass + Deribit heatmaps)
**Upside Targets**
$3,100 โ $3,400: Heavy short stops + call wall (~$250M liq potential)
$3,600โ$3,800: Next major cluster if squeeze ignites
**Downside Targets**
$2,700โ$2,820: Critical stop cluster (daily close below = cascade)
$2,550โ$2,600: 4H Fib zone
$2,100โ$2,300: Macro demand + 2025 yearly low retest
### Key Observations
Funding neutral, OI down 12% โ clean slate
ETF inflows slowed hard, but BlackRock still adding
Fusaka upgrade next week โ potential L2 fee drop & TVL spike
Gamma peaks mid-December โ expect violent wicks
### Foreheadburns Call
Market wants maximum pain.
**First move: downside sweep to $2,550โ$2,600** to flush remaining longs and scare retail into selling the exact bottom.
Then violent short squeeze back through $3,000โ$3,400 on Fusaka hype and whale bids.
$2,700 is the line in the sand.
Hold = accumulation zone. Break = fast ride to $2,550.
Hunt both sides, stay nimble
