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$ETH
A long liquidation on ETH indicates bullish positions were forced to close, increasing short-term selling pressure and market volatility. The $5.42K liquidation suggests a meaningful flush of leveraged longs, making the current support zone critical for determining the next move.
EP
$1,915 – $1,930
TP
TP1: $1,950
TP2: $1,980
TP3: $2,020
SL
$1,895
Support: $1,910 – $1,920
Resistance: $1,950 – $1,980
Next Target: $2,020 if ETH reclaims $1,950 with strong buying volume and sustained momentum. A failure to hold support could trigger another liquidity sweep before buyers regain control.
Price is consolidating near a key demand zone after the liquidation event. A confirmed bounce from support and a breakout above resistance would strengthen the bullish recovery scenario and improve the probability of continuation toward higher liquidity levels.
$ETH