Ethereum under $2,900 on Jan 29, 2026; $11.22B shorts, $10.50B longs exposed at 30%

On January 29, 2026 at 17:45, Ethereum fell below $2,900, extending its short-term downtrend and intensifying pressure on leveraged positions. According to the latest liquidation data, 30 percent moves could trigger liquidations of $11.22 billion in shorts or $10.50 billion in longs. RSI slipped into the low 30s while MACD remains negative.