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$ETH experienced a long liquidation around $1,558.72, indicating that leveraged buyers were forced out of their positions. The liquidation adds bearish pressure to the market, while sellers continue to dominate the short-term trend. If price fails to reclaim key resistance levels, further downside movement could follow as bullish momentum weakens.
Entry: $1,550 - $1,565
SL: $1,585
TP1: $1,525
TP2: $1,495
TP3: $1,460
TP4: $1,420
Momentum remains weak, and recent recovery attempts have faced selling pressure. Watch support levels closely and trade with proper risk management.
Sell and Trade $ETH