ETC Long Liquidation Signals Bearish Pressure at $20.43

I'm observing a notable ETC liquidated long event: roughly $71.5K was liquidated at $20.43, signaling a shift in trader sentiment and added selling pressure around the $20 per coin level.

Such liquidations often reflect short-term momentum unwind and can precede further weakness if the price fails to reclaim near-term support. The $20.43 mark is a meaningful level to watch, as a break below could invite additional selling or forced liquidations in leveraged positions.

From a risk perspective, this setup implies heightened downside risk for long exposure and suggests traders should be cautious about positioning in ETC until clearer bullish catalysts emerge or a solid floor stabilizes price action.