Ethereum Faces $737 Million Liquidation Risk Below $2,009
- Liquidation Risk Analysis: Ethereum (ETH) faces a potential liquidation of approximately $737 million in long positions if the price drops below $2,009, indicating a heightened sensitivity to downside risk in the market.
- Increased Market Volatility: With ETH trading around the critical support level of $2,009, a breakdown could trigger a cascading sell-off, exacerbating price declines and impacting investor confidence significantly.
- Concentration of Positions: Current data shows significant long positions concentrated around $2,009, while short positions are at $2,211; a breakout above $2,211 could lead to the liquidation of about $543 million in shorts, potentially triggering a short-term price rally.
- Strategic Trading Adjustments: For active traders, these liquidation clusters represent areas of heightened volatility, and understanding their existence aids in risk management and anticipating price movements, while long-term investors should remain cautious of the risks associated with leveraged trading and rapid market fluctuations.
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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 |
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