$ETH Is Bleeding to $1,400 😳 Here's Why !! 😲
If you look at the liquidation heatmap for Ethereum right now, retail traders are panicking after the historic close of three consecutive red quarters. The chart has broken major local support, and there is an unprotected pool of liquidity sitting down at $1,420.
High-volume VSA (Volume Spread Analysis) charts show that while whales heavily defended the $1,550 zone over the last 24 hours with over $80M in spot buying, they aren't done shaking out the weak hands. The big players want to sweep the remaining stop-losses beneath the recent swing lows to pick up cheaper ETH before the major Q3 upgrades kick in.
I am waiting for a final, quick wick down to sweep that $1,420 – $1,450 liquidity block. Once that happens and smart money steps in to absorb it, I’ll be looking to build long positions targeting a recovery back to $1,750 – $1,900.
📉 For Future Traders: You can look to ride the momentum and short any weak relief rallies into the $1,590 – $1,620 resistance zone, targeting the lower liquidity levels using 5x–10x leverage with strict stop-losses.
Do you think Ethereum is dead, or is this the ultimate discount before a major bounce? Drop your exact targets and trade setups below! 👇
#Ethereum #ETH #CryptoTrading #TechnicalAnalysis #Altcoins #BinanceWrite2Earn #CryptoNews
If you look at the liquidation heatmap for Ethereum right now, retail traders are panicking after the historic close of three consecutive red quarters. The chart has broken major local support, and there is an unprotected pool of liquidity sitting down at $1,420.
High-volume VSA (Volume Spread Analysis) charts show that while whales heavily defended the $1,550 zone over the last 24 hours with over $80M in spot buying, they aren't done shaking out the weak hands. The big players want to sweep the remaining stop-losses beneath the recent swing lows to pick up cheaper ETH before the major Q3 upgrades kick in.
I am waiting for a final, quick wick down to sweep that $1,420 – $1,450 liquidity block. Once that happens and smart money steps in to absorb it, I’ll be looking to build long positions targeting a recovery back to $1,750 – $1,900.
📉 For Future Traders: You can look to ride the momentum and short any weak relief rallies into the $1,590 – $1,620 resistance zone, targeting the lower liquidity levels using 5x–10x leverage with strict stop-losses.
Do you think Ethereum is dead, or is this the ultimate discount before a major bounce? Drop your exact targets and trade setups below! 👇
#Ethereum #ETH #CryptoTrading #TechnicalAnalysis #Altcoins #BinanceWrite2Earn #CryptoNews