ETH’s liquidation heatmap indicates significant downward risks with high-leverage liquidation levels between 1,515 USD and 1,575 USD. The framework suggests a potential drop towards these levels before a possible rebound toward 1,650 USD to 1,700 USD.
The overall sentiment around Ethereum continues to be negative, exacerbated by continuous selling and uncertainty regarding regulatory approval for ETH ETF staking, with the next decision expected in June 2025.
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