#Ethereum continues its sideways movement after losing the key levels of 3,200, 3,100, and 3,000 USD. It is currently trading in the area of 2,960, following a strong correction.

The Liquidation Heatmap indicator from Trading Different shows a dense area of leveraged longs between 2,860 and 2,800 dollars. If the price deepens its retracement, a cascade of liquidations could be triggered in that range.

The market does not forgive the exposed retailer. Where there is a concentration of leverage, the price tends to go.

🔗 https://tradingdifferent.com/es/dashboard/liquidation-heatmap?code=binance-square

ETHUSDT

Perp

2,945.89

-0.40%