Ethereum Long and Short Life Line: ETH surpassing the $2700 to $2900 range has a liquidation intensity of $2 billion.

Ethereum approaches key points of $2900 and $2700, with a liquidation amount exceeding $2 billion and a weekly increase of over 7%. Investors need to carefully assess risks and opportunities. (Background: Ethereum has been struggling for a long time; can the new ‘community foundation’ reignite faith in ETH?) (Additional context: SharpLink Gaming increased its holdings by 7,689 Ethereums, surpassing 200,000 in total, while SBET surged by 46%; BTCS’s stock price jumped after establishing ETH reserves.) Ethereum (ETH) price is stuck between the two strong barriers of $2,900 and $2,700. According to Coinglass data from July 10, a breakout upwards will trigger about $655 million in short order liquidations, while a downward breach could have $1.452 billion in long orders waiting to be liquidated, accumulating liquidation pressure close to $2 billion. The huge leverage positions are pushing the market towards a critical point of amplified fluctuations. Source: Coinglass Dual key prices for liquidation pressure Coinglass charts show that the two liquidation pillars at $2,900 and $2,700 are towering, indicating that once prices touch them, a chain reaction of liquidations could trigger a liquidity tsunami. Once liquidation waterfalls start, forced liquidations will lead to a massive sell-off or buyback of assets in a short period, further pushing prices in a one-sided direction. The intensity can be referenced by the recent example where Bitcoin saw $1.15 billion liquidated within 24 hours. Seven-day trend and technical signals Over the past week (from July 3 to 10), ETH has cumulatively risen about 10.23% from its lowest point, with a single-day increase of over 5% on July 9, fluctuating between $2,750 and $2,788, breaking through a symmetrical triangle. The short-term moving averages of 7, 20, 50, and 200 days are all aligned upwards, indicating bullish dominance. The next resistance is between $2,800 and $2,850, while the first support is between $2,500 and $2,550. Institutional funds have flowed in $148.5 million over the week, and spot ETFs are expected to heat up, with whales continuously transferring large amounts of ETH out of centralized exchanges. The total staked amount has surpassed 35 million coins, and the locked-up amount in DeFi and Layer 2 expansion is also compressing circulating supply. These factors provide momentum for bulls; even though short-term fluctuations are severe, the long-term value foundation remains solid. Risk reminder Data shows that $2,900 and $2,700 are critical lines for short-term operations. Swing traders should set strict stop losses and pay attention to the speed of liquidation spread. Long-term investors may view the sudden drops caused by liquidations as a layout discount. Institutions should continuously track ETF progress and capital flows. It is important to note that as prices soar, the KDJ indicator has entered the overbought zone, and a brief pullback or consolidation is not unexpected. As the saying goes, the E Guardian is still waiting for revenge. This article is not investment advice; readers and investors should exercise caution in their investments and operate carefully. Related reports: Is Vitalik Buterin setting a Gas limit for trading? Detailed explanation of Ethereum’s new proposal EIP-7983 Trader’s Memoir: I made a 100% profit using Soros’s method in PEPE Coinbase’s 2025 shopping cart: Strategy transformation from exchange to financial operating system. ‘The Ethereum Long/Short Lifeline: ETH surpassing the $2,700 to $2,900 range faces $2 billion liquidation intensity.’ This article was first published in BlockTempo, the most influential blockchain news media.