Bitcoin Futures Market Sees $106M in Liquidations
- Market Liquidation Overview: The cryptocurrency perpetual futures market recorded approximately $106 million in liquidations over the past 24 hours, with Bitcoin (BTC) and Ethereum (ETH) leading the activity, indicating high volatility and uncertainty in the market.
- Bitcoin and Ethereum Performance: Bitcoin futures saw $56.23 million in liquidations, with shorts accounting for 51.33%, reflecting fierce competition within a price range; Ethereum followed with $31.68 million liquidated, where 54.26% were long positions, indicating that bulls were caught off guard by a sudden downturn.
- NEAR Protocol Short Squeeze: NEAR Protocol experienced $12.62 million in liquidations, with an overwhelming 88.55% of those being shorts, suggesting that the market had become overly bearish, leading to a rapid price spike that forced many bearish traders to exit their positions.
- Trader Response Strategy: The liquidation data underscores a market highly reactive to leverage, with BTC liquidations nearly balanced, indicating neither bulls nor bears have fully seized control, while the dominance of ETH long liquidations may signal a potential shift in momentum.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for ETH
Technical Sentiment Analysis for Ethereum (ETH). As of , Ethereum (ETH) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ETH stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, ETH is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Ethereum (ETH) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 1874.888 | 1942.094 | 2023.088 | 2090.294 | 2171.288 | 2238.494 | 2319.488 |
| Fibonacci | 1942.094 | 1998.706 | 2033.682 | 2090.294 | 2146.906 | 2181.882 | 2238.494 |
About ETH
About the author









