$ETH just saw another long flush.
Around 11.49K dollars in long positions were liquidated at 1943.13. Buyers expecting continuation to the upside got caught as price pulled back, triggering forced selling and increasing short term pressure.
Now the 1940 to 1943 zone becomes important.
If ETH manages to hold above 1940, it could stabilize and attempt a recovery toward 1955. But if price slips below 1940 with momentum, the next support sits near 1925 to 1930, where more volatility could appear.
Right now short term momentum leans bearish, but how ETH reacts around this support will decide whether this is just a shakeout or the start of a deeper move.
ETH
1,917.57
-1.26%