$ETH longs were just wiped near $2973, clearing over-crowded positions from the market. These resets are healthy in an uptrend because they remove excess leverage and open space for a cleaner push. Price is still holding the broader bullish structure and EMAs remain supportive. A strong defense above $2940 keeps the bullish continuation on the table.

EP: $2945 – $2975

TP: $3040 / $3120 / $3250

SL: $2895

$ETH

ETH
ETHUSDT
2,364.52
+0.01%