$ETH experienced a long liquidation event, adding short-term selling pressure as leveraged bullish positions were forced to exit the market.

The move has pushed price into a key reaction zone where traders are assessing whether buyers can regain control.

EP
1640 - 1660

TP
TP1 1685
TP2 1715
TP3 1750

SL
1615

Liquidity was swept below recent support, clearing excess leverage and creating a temporary imbalance in market structure.

The selloff appears driven primarily by liquidation activity rather than a confirmed trend reversal, making the current support area especially important.

As long as buyers continue defending the demand zone and price begins forming higher lows, the potential for a recovery remains intact.

A reclaim of nearby resistance could trigger renewed bullish momentum and fuel a move toward higher liquidity targets.

The leverage reset has created a cleaner market structure, and the next reaction will be critical for $ETH.

Let’s go $ETH ‌