$ETH Update | Long Liquidation Alert
Liquidation Amount: $173.73K
Price: $2,028.19
Analysis:
$ETH recently triggered a long liquidation at $2,028, showing a short-term bearish pressure. Price may retest support levels before deciding the next move.
Potential Trade Setup:
1️⃣ Short-Term Bounce (Counter-Trend Trade)
Entry: $2,025 – $2,030
Take Profit (TP): $2,060 – $2,080
Stop Loss (SL): $2,000
2️⃣ Continuation Short (Momentum Trade)
Entry: $2,020 – $2,025
Take Profit (TP): $1,980 – $1,960
Stop Loss (SL): $2,040
$ETH Notes:
Watch for high liquidation clusters around $2,000–$2,050; these often act as short-term support/resistance.
Volume and funding rates suggest caution — avoid over-leveraging.
Always use proper risk management (max 1–2% per trade).
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