2026-03-17 05:40:22

ETH Binary Choice! Push to 2500-2800, or smash down to 2200 to liquidate $2.8B?

Folks, the order book is showing its hand!

The strong resistance zone at 2300-2350 has been completely wiped out. Now we're looking at two scenarios:

1️⃣ Rally Scenario: Continue pushing higher to create a 2500-2800 short-term peak, trap retail traders buying the highs, then harvest them.

2️⃣ Liquidation Scenario: Play both sides, reverse and smash down to around 2200, trigger $2.8B in long liquidations, and wipe out the bullish positions below in one sweep.

ETH3.11%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

3 Likes

Reward
3
2
Repost
Share

Comment

Add a comment

LemonFox

· 3h ago

Do you think two days is enough to pump it to 2500-2800? If Powell delivers hawkish remarks the day after tomorrow, ETH could see a 3%-6% decline. If it's an extreme hawkish stance, we're looking at an 8% drop at minimum. The US-Iran conflict shows no signs of ending anytime soon, so the dollar not hiking rates would already be a win. Ethereum's move from 2000 to 2400 was driven by bear market recovery and short-term squeeze-induced rally.

View OriginalReply0

SeekingJoy98