📊 ETH UPDATE: LIQUIDATIONS, ETF FLOWS & KEY LEVELS TO WATCH Ethereum has just gone through one of its sharpest short-term drawdowns this cycle, sliding from the $2,800 area into the $2,300 zone in a matter of days. This move wasn’t organic selling alone it was largely driven by liquidation cascades, with reports showing over $1B in ETH liquidations during peak volatility, while ETF outflows added extra supply pressure. From a structure perspective, ETH lost key supports around $2,475–$2,623, turning that zone into near-term resistance. The current trading band sits around $2,200–$2,300, where forced selling slowed and opportunistic buyers began to appear. Below that, the $1,900 region stands out as a major historical accumulation area that could matter if volatility persists. What’s important here isn’t predicting a bottom, but understanding why volatility is so high. With a large portion of ETH locked in staking, ETFs, and custody, circulating supply is tighter, which means price reacts more aggressively when flows flip from inflows to outflows. 📌 Key takeaway: This is a liquidity-driven market. Relief rallies are possible, but sustainable recovery likely requires a reclaim of the $2,475–$2,623 zone with volume, not just a bounce. What are you watching more closely right now ETF flows, liquidation data, or on-chain accumulation signals? 👇 $ETH
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