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Ethereum Price Prediction: Triangle Support Faces $119M Liquidation Test
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- Ethereum falls 2.25% to $3,208 but holds above the 20/50 EMA cluster at $3,165 to $3,187 as the symmetrical triangle structure remains intact.
- Derivatives markets see $119.45 million in long liquidations over 24 hours while trading volume surges 139%, reflecting aggressive repositioning.
- Spot exchange inflows of $21.91 million suggest that buyers are accumulating despite the selloff, creating a potential divergence with price action.
Ethereum price today trades near $3,208 after a 2.25% decline that tested the lower boundary of a multi-week symmetrical triangle. The drop triggered significant long liquidations, but spot flows paint a different picture as buyers step in to absorb the selling.
Long Liquidations Flush Leveraged Positions
Derivatives markets absorbed heavy damage in the past 24 hours. According to Coing…
Read The Full Article Ethereum Price Prediction: Triangle Support Faces $119M Liquidation Test On Coin Edition.
In This News
Coins
$ 3.22K
-3.51%
$ 3.22K
-3.39%Share:
In This News
Coins
$ 3.22K
-3.51%$ 3.22K
-3.39%Share:
Read More
Solana (SOL) Founder Anatoly Yakovenko Harshly Criticizes Rival Altcoin Founder! “To Avoid Disappearance….”
As Ethereum’s Price Falls, a New Era Begins for ETH: Two New Records Broken!
Ethereum Price Prediction: Triangle Support Faces $119M Liquidation Test
Share:
- Ethereum falls 2.25% to $3,208 but holds above the 20/50 EMA cluster at $3,165 to $3,187 as the symmetrical triangle structure remains intact.
- Derivatives markets see $119.45 million in long liquidations over 24 hours while trading volume surges 139%, reflecting aggressive repositioning.
- Spot exchange inflows of $21.91 million suggest that buyers are accumulating despite the selloff, creating a potential divergence with price action.
Ethereum price today trades near $3,208 after a 2.25% decline that tested the lower boundary of a multi-week symmetrical triangle. The drop triggered significant long liquidations, but spot flows paint a different picture as buyers step in to absorb the selling.
Long Liquidations Flush Leveraged Positions
Derivatives markets absorbed heavy damage in the past 24 hours. According to Coing…
Read The Full Article Ethereum Price Prediction: Triangle Support Faces $119M Liquidation Test On Coin Edition.
In This News
Coins
$ 3.22K
-3.51%$ 3.22K
-3.39%Share:
In This News
Coins
$ 3.22K
-3.51%$ 3.22K
-3.39%Share:
Read More
Solana (SOL) Founder Anatoly Yakovenko Harshly Criticizes Rival Altcoin Founder! “To Avoid Disappearance….”