$ETH Long Liquidation Analysis
Current Price Zone: ~2950
Liquidation Event: $18.64K longs wiped at 2952.63
Key Market State
ETH remains structurally strong, but over-leveraged longs were cleared. This is a healthy reset, not a breakdown.
Support Levels
Major support at 2900, followed by 2840 if volatility expands.
Resistance Levels
Immediate resistance near 3020, then a critical level at 3120.
Market Insight & Sentiment
Sentiment is cautiously bullish overall, but ETH needs acceptance above resistance to resume momentum.
Targets
Upside: 3020 → 3120
Downside risk: 2900 → 2840
Next Move
Watch for ETH to stabilize above 2900. Stability here often precedes strong continuation.
Pro Tip
ETH favors structured entries after pullbacks, not emotional chasing.
ETH
3,042.93
+3.59%