$ETH Long Liquidation: $8.5515K at $2915.61
Long traders were caught as ETH failed to hold above the intraday support and flushed lower under sharp sell pressure. Buyers expected continuation after the prior bounce, but momentum flipped quickly, triggering stop losses and forcing longs to exit. Liquidity below the range was taken cleanly, signaling short-term control shifted back to sellers.
Entry (EP): $2925
Take Profit (TP): $2845
Stop Loss (SL): $2975
Market Outlook:
$ETH is under short-term bearish pressure after losing the liquidation level. If price remains below this zone, further downside or volatile consolidation is likely. Bulls will need a strong reclaim above resistance with volume to regain momentum. Trade patiently and manage risk with strict discipline.
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