ETH 🚨🚨🚨🚨
Liquidation of short positions near 2932 is a strong signal that smart money is defending the upper levels.
The price structure remains positive as long as the price is above 2880, which is now considered the main support.
Resistance at 3000, and a confirmed breakout of this level could ignite a rush towards 3200.
However, a break below 2850 cancels the positive scenario and should be treated as a stop-loss area with respect.
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ETH
2,108.09
+1.38%