Ethereum remains under pressure after the latest drop cleared many long positions, while the liquidation heatmap still shows a major liquidity cluster near $2,220. $ETH is also testing weak micro support near $2,289, and analysts say the short-term structure stays bearish unless buyers push price through the $2,319–$2,374 resistance area.
Ethereum Liquidation Map Shows $2,220 Risk Zone After Longs Get Hit
Ethereum saw a large batch of long liquidations during the latest decline, according to the liquidation heatmap shared by CW.
$ETH Liquidation Heatmap. Source: CW on X
The chart shows $ETH falling sharply after moving near the upper liquidity bands. That drop cleared many long positions, but the heatmap still shows a major liquidity cluster around the $2,220 area.
That level now becomes the main downside zone to watch. If $ETH weakens again, price may move toward that cluster as remaining long positions face pressure.
However, the chart does not confirm a full breakdown by itself. It shows where liquidation pressure may build if price keeps falling.
For now, Ethereum remains vulnerable after the latest long squeeze. A move toward $2,220 remains possible as long as sellers keep control near current resistance areas.
Ethereum Tests Weak Micro Support as Downside Risk Builds
Ethereum is still testing the 78.6% retracement level near $2,289, according to the chart shared by More Crypto Online.
The analyst described this area as weak micro support. That means $ETH has not yet shown enough strength to confirm a short-term recovery from the current zone.
$ETH 1H Chart. Source: More Crypto Online on X
The chart shows $ETH trading below a descending trendline, while price remains near the retracement area. Until $ETH prints a clear upside impulse, the short-term structure continues to lean lower.
The next downside area sits near $2,240, followed by deeper levels around $2,179 and $2,120. These levels fall inside the marked support zone for a possible wave 3 of (c) decline.
On the upside, $ETH needs to reclaim the nearby resistance area between roughly $2,319 and $2,374. A move through that zone would weaken the bearish short-term count.
For now, Ethereum remains under pressure. The 78.6% retracement is holding as micro support, but the chart still points to downside risk unless buyers produce a stronger impulse move.