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$ETH Long Liquidation Signals Strong Bearish Pressure 📉
Ethereum has recorded a $61.57K long liquidation at $1,917.82, indicating that bullish positions were forcefully closed as price moved lower. A liquidation of this size suggests sellers are gaining momentum and could trigger additional downside if key support levels continue to break. Watch for confirmation through price action and volume before entering, as volatility often increases after major liquidation events.
Trade Setup
Entry Zone: $1,916–$1,920 (on a bearish retest)
Target 1: $1,890
Target 2: $1,865
Target 3: $1,835
Stop Loss: $1,945
Trade patiently, protect your capital, and always use disciplined risk management. $ETH #EventContractsLaunch #SummerCreationCamp #GOOGLEarningsBeatButStockDrops3% #eslaHolds11509BTCFor4Years #GUSDYieldRisesto3.8%