Ethereum Price Dips Below $2,700 Amid Growing Liquidation Risk

Ethereum's price has dipped to $2,675, but analysts are keeping an eye on the $3,000 threshold.

The cryptocurrency's short-term direction is being influenced by its ability to hold above $2,540.

According to Celal Küçüker, approximately 20% of accumulated leveraged long positions face a risk of liquidation if Ethereum falls below this level.

The resistance levels for Ethereum are between $3,000 and $3,200, while the area below $2,300 is considered a deeper liquidity zone.