🔴 ETHEREUM ($ETH /USDT) — Longs Wiped, Direction Depends on Reclaim

ETH saw a long liquidation of $3.93K at $2940, showing weakness after rejection from higher levels. This sets up a decision zone. A long is favored only after a reclaim of $2960–$2980, targeting $3050 and $3120. Failure to reclaim opens downside toward $2860. For long attempts, place a stop below $2890.

Pro tip: ETH liquidation trades work best when aligned with funding neutrality — extreme funding often signals fake moves.

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ETH

2,944.3

-1.10%