$ETH / USDT – Long Unwinding Continues
$ETH declined by -2.04% to around $2,898.62, supported by heavy activity totaling $480.53M. The move reflects steady long-side unwinding rather than a sudden liquidation cascade.
Sellers maintain control in the short term, and ETH may continue testing lower support zones if buying interest remains weak.
Potential Entry Zone:
$2,820 – $2,880
Downside Targets:
• Target 1: $2,760
• Target 2: $2,650
Protective Zone:
Stop-Loss: $2,980
Market Bias: Short-Term Bearish
ETHUSDT
Perp
2,931.78
+4.44%
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