$ETH Liquidation Shockwave: Long Positions Wiped Out!

Liquidated Long: $156K at $3467.51

Market Breakdown:

Massive Liquidation: A $156K long position liquidated, triggering a significant downward move in $ETH .

Current Sentiment: Bears are taking control, and the liquidation adds strong selling pressure, pushing prices lower.

Hints for Next Moves:

1. Resistance Zone: Watch for resistance around $3,500, where the price could face rejection and struggle to push higher.

2. Support Level: Strong support seen at $3,400, a key level where buyers may try to step in and reverse the decline.

3. Breakdown Alert: A sustained fall below $3,400 could open the door for further downside, potentially targeting $3,250 and beyond.

Quick Strategy:

Bulls: Look for a bounce off $3,400 for possible long opportunities, but wait for confirmation of support.

Bears: Look for continuation below $3,400, targeting $3,250 and lower if momentum persists.

#ETH is under pressure—stay alert for quick shifts and volatile moves!

$ETH

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