$ETH saw a long liquidation at $2857.91, showing that bullish traders were over-leveraged and got flushed during a downside move. This reflects short-term weakness and a reset in momentum after a failed hold above higher levels. Long liquidations often cool the market and lead to consolidation. If $ETH can reclaim the $2880–$2900 zone, buyers may regain control quickly. Failure to do so could keep price under pressure and open the door for further ranging before the next directional move.
ETHUSDT
Perp
2,956.81
-2.34%