ETH: $168M Longs Liquidated in Third Wave

ETH longs absorbed a third liquidation wave totaling $168 million as 10,117 ETH were forcibly closed, lifting the overnight cumulative to 31,915.13 ETH across two major addresses.

Address 0xc3fe8b63ea05e8e27b3f3358d646915d7ed931e4 saw 41,167.63 ETH borrowed cleared at $1,472.09 while address 0x34d1231f15da58762a84ead35242896e7fec4ac1 lost 31,537.7 ETH at $1,458.78, with price action printing a low near $1,540 before rebounding.

Price currently sits at $1513.26 inside the Bollinger band with lower support at $1504.2 and upper resistance at $1955.85; the 4-hour structure remains bearish as price trades below both EMA50 at $1845.39 and EMA200 at $2077.24, while RSI at 13.55 signals deep oversold conditions and MACD at -100.43 confirms the death cross, suggesting any bounce will likely stall at the 50-EMA before fresh downside pressure resumes.