The current Ethereum market is at a critical turning point, with bullish and bearish forces engaging in fierce competition at the core price level.
Market structure analysis shows that the 2750-2780 USD area has accumulated over 20,000 sell orders, forming strong resistance above; while the 2550-2600 USD range has gathered approximately 15,000 buy orders, constituting important support. The 2600 USD price level has become the key battleground determining the short-term trend.
Technical indicators show contradictory signals: While the 1-hour MACD has just formed a golden cross ( bullish signal ) the RSI has climbed to 68, close to the overbought territory, a divergence that suggests a possible pullback after a false breakout.
It is worth noting that there are a large number of liquidation orders lurking in the current market. There is approximately $180 million in long liquidation risk in the $2600-2650 range, and if the price breaks below the $2600 support, it may trigger a chain liquidation effect. At the same time, there is about $120 million in short positions hidden below the $2500 area, and if the price rebounds and breaks through $2650, the shorts will also face severe pressure.
Trading strategies can be divided into two camps: aggressive traders can establish long positions in the 2600-2610 USD range with a stop loss set at 2580 USD; conservative traders can wait for the price to clearly break above 2650 USD to go long, or short if it breaks below 2580 USD, to capture a potential liquidation cascade.
It is important to note that fluctuations in the US stock market may have additional impacts on the ETH trend, and traders should closely monitor relevant factors and adjust their strategies in a timely manner.
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
11 Likes
Reward
11
7
Share
Comment
0/400
ShadowStaker
· 3h ago
those liquidation levels are sus af
Reply0
HypotheticalLiquidator
· 13h ago
Inertia Liquidation Zone, Proceed with Caution
Reply0
MidnightGenesis
· 13h ago
The vortex hinted by on-chain data will eventually erupt.
Reply0
NftCollectors
· 13h ago
Market games are like Da Vinci's light and shadow composition, worth a Depth interpretation.
Reply0
MoonRocketman
· 13h ago
The first-level booster separation has seen the RSI surpass the atmospheric warning line.
The current Ethereum market is at a critical turning point, with bullish and bearish forces engaging in fierce competition at the core price level.
Market structure analysis shows that the 2750-2780 USD area has accumulated over 20,000 sell orders, forming strong resistance above; while the 2550-2600 USD range has gathered approximately 15,000 buy orders, constituting important support. The 2600 USD price level has become the key battleground determining the short-term trend.
Technical indicators show contradictory signals: While the 1-hour MACD has just formed a golden cross ( bullish signal ) the RSI has climbed to 68, close to the overbought territory, a divergence that suggests a possible pullback after a false breakout.
It is worth noting that there are a large number of liquidation orders lurking in the current market. There is approximately $180 million in long liquidation risk in the $2600-2650 range, and if the price breaks below the $2600 support, it may trigger a chain liquidation effect. At the same time, there is about $120 million in short positions hidden below the $2500 area, and if the price rebounds and breaks through $2650, the shorts will also face severe pressure.
Trading strategies can be divided into two camps: aggressive traders can establish long positions in the 2600-2610 USD range with a stop loss set at 2580 USD; conservative traders can wait for the price to clearly break above 2650 USD to go long, or short if it breaks below 2580 USD, to capture a potential liquidation cascade.
It is important to note that fluctuations in the US stock market may have additional impacts on the ETH trend, and traders should closely monitor relevant factors and adjust their strategies in a timely manner.