🔴 $ETH LONGS JUST GOT HIT — BUT THE REAL MOVE MAY BE STARTING

Ethereum just recorded a $4.7299K long liquidation at $2,497.29. That liquidation matters because leveraged traders were caught buying into a zone where ETH is struggling to hold momentum. Recent market data has ETH around the mid-$2,400s, with price pressing against nearby resistance and momentum already looking stretched.

🔥 Support: $2,430–$2,450

⚡ Key Support: $2,400

🚧 Resistance: $2,500–$2,530

🎯 Next Target: $2,600

🚀 Major Upside Target: $2,700

The $2,500 area is the battlefield. A clean breakout and sustained candle close above it could open the door toward $2,600, while stronger continuation could push ETH toward $2,700. Technical projections also identify roughly $2,530–$2,700 as important resistance territory.

But if ETH loses $2,430, the liquidation pressure can accelerate. A break below $2,400 would weaken the short-term structure and could trigger another wave of leveraged exits.

💡 PRO TIP: Don’t chase ETH directly after a liquidation spike. Wait for confirmation: reclaim resistance, hold the breakout, then watch volume. Liquidations can create volatility, but they don’t guarantee direction.

is at a decision point — $2,500 is the level to watch.$ETH #US Treasury expands bond buybacks #Nscale secures major AI cloud deal #Banks explore stablecoin issuance