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$ETH — Longs Overextended, Structure Tested
Long Liquidation: $12.76K at $2984.87
Current Price: ~$2968
Key State
ETH punished late breakout longs. This is a classic retracement, not trend failure.
Support
$2940 intraday
$2885 weekly structure
Resistance
$3015
$3075 trend continuation level
Market Insight
ETH ran too far without rest. Liquidations reset leverage and allow healthier continuation.
Sentiment
Neutral to cautiously bullish.
Targets
Bounce zone: $3015
Expansion: $3075
Failure risk below $2885
Next Move
Expect range trading until leverage cools.
Pro Tip
Strong assets don’t die on first pullbacks — they breathe.
$ETH #DrHan2025YearEndOpenLetter #ETHTrendWatch