⚠️ Ethereum is still under heavy bearish pressure and just swept a major long liquidation zone at 1785.77 📉
The drop accelerated as the price passed through various liquidation levels. First, it lost the zone at 1924, then 1868, and finally reached the long liquidation block highlighted on the Heatmap at 1785.77.
⬇️ This move triggered a cascade of liquidations of leveraged positions, increasing volatility and deepening the correction in no time.
👀 Now the market is trying to find stability after cleaning out the lower liquidity. The price reaction in this zone will be crucial to determine if ETH can build a bounce or if it continues to seek new liquidation areas below.
🔥 Once again, the Liquidation Heatmap shows how the price went directly towards a concentration of leveraged positions before generating a reaction.
🔗 https://tradingdifferent.com/es/dashboard/liquidation-heatmap?code=binance-square
#Ethereum #ETH #Crypto #Trading #Liquidations
The drop accelerated as the price passed through various liquidation levels. First, it lost the zone at 1924, then 1868, and finally reached the long liquidation block highlighted on the Heatmap at 1785.77.
⬇️ This move triggered a cascade of liquidations of leveraged positions, increasing volatility and deepening the correction in no time.
👀 Now the market is trying to find stability after cleaning out the lower liquidity. The price reaction in this zone will be crucial to determine if ETH can build a bounce or if it continues to seek new liquidation areas below.
🔥 Once again, the Liquidation Heatmap shows how the price went directly towards a concentration of leveraged positions before generating a reaction.
🔗 https://tradingdifferent.com/es/dashboard/liquidation-heatmap?code=binance-square
#Ethereum #ETH #Crypto #Trading #Liquidations