$ETH /USDT — Short Setup (Long Liquidation Pressure)

A large long liquidation of $14.073K at $2937.96 indicates that bullish positions failed, creating strong downside pressure in the short term. Traders may consider entering a short position in the $2935 – $2945 zone. Targets are $2880 for the first profit, $2835 for the second, and $2780 for an extended move. Set a stop-loss at $2965, just above recent liquidity zones. Pro tips: Confirm bearish rejection on 15m–1h candles before entry, consider scaling into positions to manage risk, monitor BTC correlation for extra confirmation, and trail your stop as price approaches TP1 to secure gains.

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ETH

2,923.32

-0.64%