$ETH at the major liquidation intersection.

On-chain & derivative data shows a downward bias towards $3,000, but be wary of a bounce.

📉 Momentum: Strong bearish across all TFs. RSI oversold (23-45), MACD negative.

📊 Derivatives: Negative CVD, Long/Short Ratio <1 (dominantly short), high selling volume.

🎯 Liquidation: $693M long liquidation below $3,000. $1.02B short liquidation above $3,200. This level acts as a price magnet.

⚡ Strategy:

• Confirmed short in the $3,175-$3,230 area (EMA rejection + short liquidation cluster). Target $3,000.

• **Invalidation**: Close >$3,250.

• Long? Only if a strong bounce occurs from $3,000 with volume confirmation. Still high risk.

⏳ Window: Short setup could form in 1-3 days ahead if there is a pullback.

📌 In summary: The trend is still down. Don’t FOMO short in the middle of the way. Wait for confirmation or NO TRADE.

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