$ETH just witnessed a $78.3K long liquidation at $2,224.60.
That level is now important because leveraged buyers were forced out around this price. If ETH cannot reclaim the liquidation zone, sellers may try to continue the pressure and target lower support levels.
TRADE SETUP — $ETH SHORT
Entry Price (EP): $2,220 – $2,228
Take Profit 1 (TP1): $2,190
Take Profit 2 (TP2): $2,155
Take Profit 3 (TP3): $2,115
Stop Loss (SL): $2,255
SIGNAL LOGIC:
The first confirmation is rejection from the $2,220–$2,228 area.
If sellers defend this zone and ETH starts printing lowere emotion.
$ETH remains under pressure while the liquidation zone stays below resistance.
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