Ethereum faces significant technical pressure with key resistance at $2,150 proving stubborn, while $2,400 acts as a secondary hurdle above. A prominent crypto analyst highlighted a surge in Ether futures sell volume on Binance, amounting to around $1 billion as macro headlines moved markets.
Liquidation data reveals asymmetric risk with roughly $2.4 billion in long liquidations near $1,845 and about $1.7 billion in short liquidations near $2,255. If ETH fails to reclaim the $2,150 level, it could be exposed to testing the yearly low near $1,736, especially amid deteriorating macro conditions.
