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$ETH Price decline accompanied by high open interest presents a typical long liquidation and clearing pattern, rather than a main force distribution. This is a healthy reset in an upward trend.
🎯Direction: Long (Long)
🎯Entry: 2900 - 2925
🛑Stop Loss: 2845 (Rigid Stop Loss)
🚀Target 1: 3020
🚀Target 2: 3120
$ETH High trading volume during a decline above a key support zone, combined with open interest analysis, indicates a typical “long leverage liquidation” behavior. Price action shows the decline is being absorbed orderly by buyers, with no signs of panic selling. As long as the liquidity pool at 2845-2860 is maintained, the market structure remains intact, and the probability of regaining upward momentum after the liquidation is higher.
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