In-Depth Analysis of Ethereum Liquidations
Key points and possible entry points
🔍 Analysis of the heat map of liquidations for the last 3 months and 1 month:
Long-term analysis (3 months)
April: ETH price fluctuated in the 3300-3500 range, with notable liquidations at the 3400 and 3600 levels. These levels can serve as important support and resistance zones.
May: There is a significant increase in liquidations, especially around 3800-4000, indicating strong resistance at these points.
June: The price has stabilized in the 3400-3700 range, with less liquidation activity, which may indicate ongoing consolidation.
Short-term analysis (1 month)
Early June: Liquidations at 3700 and 3800 confirmed resistance at these points.
Mid-June: Price consolidation in the area of 3400-3600, which may indicate the formation of a new support level.
End of June: Liquidation activity is decreasing, but is still present in the range of 3500-3700.
Price movement forecast
Considering the launch of Ethereum ETF:
📅 July 2, 2024: Interest in ETH is expected to increase significantly with the launch of the first Ethereum ETF. This could cause an influx of capital and increase demand for Ethereum, causing the price to rise.
📅 July 4, 2024: Start of active trading of Ethereum ETF. This event could be a catalyst for further price growth, especially if the ETF attracts a significant amount of funds.
Possible entry points and strategies
🟢 Long (purchase):
Entry point: 3400-3500 USDT, subject to confirmation of support and reduction in liquidations. Target: 3800-4000 USDT, which corresponds to strong resistance levels confirmed by liquidations. Stop Loss: Below 3300 USDT to minimize risks if support is broken.
🛑Short (sale):
Entry point: 3800-4000 USDT, if resistance is confirmed and liquidations increase. Target: 3500-3400 USDT, which corresponds to support levels. Stop Loss: Above 4100 USDT to limit losses if resistance is broken.
Support and resistance levels
Support: 3300-3400 USDT Resistance: 3800-4000 USDT
Conclusion
The launch of the Ethereum ETF on July 2 and the start of active trading on July 4 could be important events for the ETH market. Keep an eye on these dates to take advantage of potential market entry opportunities. Expect increased volatility and be prepared for rapid price changes. 📊🚀
If you have any more questions let me know! 🌟➡️🌀@INVESTIDEAUA
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