Ethereum Evening Market Analysis!!!


Across the entire network, within 24 hours $ETH , total liquidations reached 234 million, with long liquidations accounting for 174 million. The main reason is the recent market downturn, with on-chain funds continuously flowing out in large amounts. Last night, after the U.S. stock market closed, panic selling caused a sell-off, with the price dropping to around 1550 before stabilizing from the wick, indicating that there is bottom-fishing capital consciously supporting this level.
From the liquidation map, there are many short orders to be liquidated at the 1664 level above. When the U.S. stock market opens, it is highly likely to rise first and then fall, washing out some retail traders using high leverage.

👉👉 Trading Ideas:
Build a long position around the current price of 1630, target 1665, and see if it can break through the resistance level of 1670. If it fails to break through, the market will likely fall back to around 1620 and start consolidating to wash out chips.
#BTC下探60000美元关键关口
ETH-5.47%
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