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Ethereum Range Trade Opportunity and Short Liquidations
The crypto market remains sideways even after the rally between Tuesday and Wednesday. And Ethereum is no exception. We’ve seen ETH trade below $1,840 since testing it on the 18th, and we have similarly strong support at $1,715. We also saw Ethereum testing the September 2021 trend line at $1,680 on Monday, a must-hold level for bulls. So we have a well-defined ETH range between $1,715 and $1,840. Given this range and the short liquidations that have developed at $1,870, I wouldn’t be surprised to see a quick pump above range highs to flush shorts. Liquidation clusters like the one above often act as magnets, ... (full story)
