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Ethereum just saw a massive long liquidation worth 129.52K at $2,206.89 after losing a key intraday support level. The tight accumulation structure has been broken, and the price failed to hold above resistance, triggering a sharp liquidity sweep that forced out leveraged longs.
Momentum is clearly fading on the short-term timeframe. Lower highs are capping any recovery attempts, and unless bulls can reclaim the broken zone quickly, the path of least resistance remains to the downside.
Here is the updated trade setup based on current market structure:
Entry zone: $2,190 – $2,215
TP1: $2,160
TP2: $2,125
TP3: $2,080
Stop loss: $2,248
Remember, this is a structural breakdown play, not financial advice. Manage your risk carefully and stay nimble. The market is watching for a reclaim or a deeper flush.
#CreatorRewards #DailyOrbit #CLARITYActClears15to9
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