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.
