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#ETHLongShortBattle
ETHLongShort Battle is Getting Intense ⚔️
Ethereum is caught in a fierce tug-of-war right now. Bulls are defending support while shorts keep pressing at resistance. Here’s what’s happening:
The Key Levels to Watch
· Upside Resistance: $3,150. If bulls break through this, a short squeeze could send price toward $3,500.
· Downside Support: $2,750. Losing this level might trigger long liquidations toward $2,500.
Market Signals
· Open interest is high, meaning leverage is building on both sides.
· A move of just 5% could trigger a cascade of liquidations.
· Whales are placing large limit orders at these key levels, trying to trigger stop runs.
My Take
We're in the no-trade zone between $2,950 and $3,050. Whichever side breaks first will likely dictate the trend for the next week.
Which side are you watching? Drop your thoughts below.