#ETHLongShortBattle Key Support Level: A Drop Below $1,600 Could Trigger Long Liquidations – My Planned Take-Profit and Stop-Loss Levels for ETH This Year
The critical support level for ETH stands at $1,600. A sustained break below this point would likely trigger cascading liquidations of leveraged long positions, accelerating any downward move. At present, the price is trading between 1,850 and 1,950 USD and is showing signs of upward momentum.
For the Year of the Horse, I have defined my levels as follows:
Stop-loss: 1,750–1,780 USD range – I plan to exit if this zone is breached, to limit