📉 #Ethereum is still showing a clearly bearish structure after liquidating several consecutive long zones on its descent from 1924 to the current region of 1770 USD 💥 The move has lost buying strength with each bounce attempt. First, there was a cleanout of leveraged positions near 1924, then the market continued to absorb liquidity at 1868, and finally reached the significant long liquidation zone at 1785 USD, accelerating the drop in the last hours. ⚠️ What's relevant now is that Ethereum is trading very close to one of the most important liquidation areas visible on the Heatmap. A large portion of immediate lower liquidity has already been captured, increasing the odds of seeing a consolidation phase or short-term bounces as the market seeks equilibrium. 🔻 If ETH clearly loses the 1785 USD region, additional remaining long liquidations could be triggered, extending the bearish pressure to even lower zones. 🚀 Conversely, a sustained recovery could push the price back towards the 1868 areas and subsequently 1924, where relevant levels previously acted as liquidation points during the drop. For now, the Liquidation Heatmap shows that Ethereum has already done a significant cleanout of long positions, leaving the market at a key point where the reaction around 1785 USD could define the next relevant move. #ETH #Crypto #Trading #Futures