CoinCatalyst Labs
02/06 10:10
Ethereum ($ETH #AICrashOrComeback ) Trading Update – Long Liquidation & Next Move A big long liquidation of $14.692K happened at $2791.06, showing that many traders got stopped out. This means ETH faced heavy selling pressure at that level. Now, let's analyze the market and find the best buy zone, target, and stop-loss. 🔍 ETH Current Market Overview Price Facing Resistance: The price struggled around $2790-$2800 Possible Pullback: ETH could drop to a strong support area before bouncing Liquidation Impact: Large liquidations often lead to temporary price dips or recoveries 🟢 Best Buy Zone Look for entries around $2700 - $2750 (a strong support area) If ETH drops further, a second entry around $2650 - $2680 can be considered 🎯 Target Levels (Take Profit – TP) First Target (TP1): $2850 – Safer exit, locking some profits Second Target (TP2): $2920 – Previous resistance area Third Target (TP3): $3000+ – Strong psychological level ⛔ Stop-Loss (SL) – Protect Your Trade Stop-Loss (SL): Below $2640, as breaking this level may lead to a further drop Tight SL: If you want low risk, use $2680 📊 ETH Market Sentiment & Next Move If ETH holds above $2700, it can bounce back to $2800-$2900 If ETH breaks below $2640, we might see more downside towards $2500-$2550 Bitcoin’s movement is key, so keep an eye on BTC price action 💡 Trading Tips ✅ Use a proper stop-loss to avoid big losses ✅ Take profits at levels to secure gains ✅ Don’t FOMO into a trade—wait for confirmation 📢 Final Thought Ethereum had a big liquidation at $2791, showing weakness. A drop towards $2700 - $2750 could be a good buying opportunity, with targets at $2850, $2920, and $3000. However, if ETH breaks below $2640, it may go lower. Trade wisely and manage your risk! Would you like a real-time update on ETH price? Let me know! #AICrashOrComeback $ETH {future}(ETHUSDT)
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