In the provided liquidation chart for #ETH (Ethereum), you can see significant changes in liquidation levels over the past couple of months. Let's take a closer look at the current situation and possible prospects.

General state of the ETH market:

The chart shows sharp fluctuations in the price of ETH ranging from $2,738 to $4,124 over the past three months. This indicates the high volatility of the asset, which is typical for the cryptocurrency market. Liquidation levels (indicated by purple and green bars) demonstrate the significant presence of liquid positions in these price ranges. This means that major players continue to actively participate in ETH trading.

Key support and resistance levels:

$3,000 Level: This level acts as significant support. The chart shows that the price often bounced from this level, which indicates strong buyer interest. $3,600 - $3,900 level: This is an area of ​​high liquidations, where there are frequent attempts to break through the price. If this zone is successfully broken upward, ETH can expect further growth to levels above $4,000.

Current dynamics and prospects:

After recently declining to the $3,000 area, ETH is showing signs of recovery. The price is testing the upper resistance levels, and a successful break through these levels could lead to a new uptrend. However, the presence of significant liquidation levels in the $3,600 - $3,900 area indicates the possibility of short-term volatility and consolidation ahead of a potential breakout.

What to expect in the near future?

Positive scenario: If the price breaks through the $3,600 resistance level and consolidates above, ETH may rush to $4,000 and above, continuing the growth trend. Negative scenario: If the price fails to break through the $3,600 - $3,900 zone again, a retest of the $3,000 support level is possible with a possible short-term decline below .

Overall, current data shows strong trading activity in the $3,000 - $4,000 range. It is worth closely monitoring further developments, especially the price reaction to key resistance and support levels. 📈🚀