Ethereum Faces 200-Day EMA Rejection Amid $7B Liquidation Cascade

TLDR: ETH failed three times at the 200-day EMA, confirming weakening momentum and sustained selling pressure.  Over $1.3B in long liquidations shows derivatives activity dominated price action, not spot demand.  The $2.7K level flipped from support to resistance, redefining near-term market structure.  Focus now shifts to $2.3K and $1.8K as the next zones of potential [...]

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