$ETH EREUM (ETH/USDT) — Longs Wiped, High-Timeframe Reaction Level
ETH saw a $5.8K long liquidation at $2903, reflecting weakness after failed upside continuation. While this liquidation size is modest for ETH, its importance lies in location — near a psychologically and technically significant zone. This setup favors patience and confirmation rather than immediate aggression. A scalp-to-swing long entry is preferred only if ETH reclaims $2920–$2940 with strength, targeting $3000 first and $3085 as an extension. If price fails to reclaim and instead rejects below $2900, a short continuation setup opens toward $2825. For long positions, a stop loss below $2860 protects against deeper breakdowns.
Pro tip: ETH liquidations work best when aligned with BTC structure — avoid bias if BTC is trending aggressively in the opposite direction.
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