Ethereum is trading near $2,030 while high leverage short positions cluster around $2,050 on CW’s liquidation heatmap. At the same time, CoinForge says ETH is forming an inverse head and shoulders pattern, with confirmation still depending on a clear breakout.
Ethereum Price Near $2,030 as ETH Shorts Cluster Around $2,050
Ethereum traded near the $2,030 area on the CoinAnk liquidation heatmap shared by CW on X, while high leverage short positions concentrated around $2,050.
The chart shows ETH falling from the $2,120 to $2,150 area before dropping below $2,000 on May 28. Price later recovered and moved sideways near the $2,000 to $2,040 range.
Ethereum Short Liquidation Heatmap. Source: CW on X
The brightest heatmap band sits around $2,050. That level marks a major short liquidation zone if ETH moves higher.
CW said these short positions are at risk of liquidation. As a result, the $2,050 area remains the main upside liquidity level on the chart.
Source: https://coinpaper.com/17382/ethereum-price-prediction-eth-bulls-await-breakout-confirmation-above-2-050
