$ETH is approaching a key technical zone after a wave of long liquidations around $1,745, suggesting many leveraged bullish positions were forced out. These events often reduce excess leverage and can set the stage for the market's next major move.
📍 Key Levels to Watch: • Support: $1,720 • Resistance: $1,780
🎯 Potential Scenarios: • A breakout above $1,780 could open the door toward $1,820. • A loss of $1,720 may increase the chances of a move toward $1,680.
The reaction around these levels will be important. Strong buying interest could shift momentum back in favor of the bulls, while continued selling pressure may lead to another leg lower before fresh demand emerges.
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