Markets· ★★★· bearish·

Ethereum at $2,675: liquidation risk builds as leveraged longs pile up

  • —ETH fell 3.8% in 24 hours to $2,675 on about $17 billion in volume
  • —Key support sits at $2,530–2,540; a break could send prices to $2,100–2,200
  • —Resistance is at $2,800, with a heavy sell zone at $3,000–3,200
  • —Accumulated leveraged longs raise the risk of liquidations and a 20% drop
Why it matters: A break below $2,530 could trigger a liquidation cascade and a 20% slide in ETH, while holding the level opens the door to $3,000.
Source: Coin Türk