ETH Two-Way Showdown! Rally to 2500-2800, or Crash to 2200 and Liquidate $2.8B?
Folks, the order book has shown its hand!
The strong resistance zone at 2300-2350 has been completely swept clean. Now there are only two scenarios:
1️⃣ Rally Scenario: Continue pushing higher to create a mid-to-short-term peak at 2500-2800, then liquidate retail traders after they chase the top
2️⃣ Liquidation Scenario: Playing both sides, reverse and crash to around 2200, directly trigger $2.8B in long liquidations, and wipe out the bulls below in one sweep
ETH Two-Way Showdown! Rally to 2500-2800, or Crash to 2200 and Liquidate $2.8B?
Folks, the order book has shown its hand!
The strong resistance zone at 2300-2350 has been completely swept clean. Now there are only two scenarios:
1️⃣ Rally Scenario: Continue pushing higher to create a mid-to-short-term peak at 2500-2800, then liquidate retail traders after they chase the top
2️⃣ Liquidation Scenario: Playing both sides, reverse and crash to around 2200, directly trigger $2.8B in long liquidations, and wipe out the bulls below in one sweep