$ETH printed a strong long liquidation around $1,919.79, signaling a downside liquidity sweep that flushed late longs and tested deeper demand. Price has now entered a major support band around $1,880–$1,920 where buyers historically step in aggressively. Holding above this region keeps recovery scenarios intact with upside targets at $1,980 and $2,050 where prior supply rests. Long liquidation events of this size often mark short-term exhaustion if follow-through selling weakens. A breakdown below $1,880 would expose ETH to further downside toward $1,800 before stabilization. Overall structure suggests potential for a corrective bounce if demand holds. $ETH

ETHUSDT

Perp

1,929.78

-2.19%

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