$ETH is facing a severe liquidity crunch, sliding to $2,360 after $2.5 billion in total crypto liquidations.
Massive long-squeeze pressure and ETF outflows have broken key supports, leaving the door open for a test of $2,100.
With whale selling accelerating, $ETH must reclaim $2,500 soon to avoid further downside. Traders should watch margin levels closely as volatility remains at multi-month highs.
