$ETH Long Liquidated!
A $2.58K long position on $ETH was liquidated at $3318.0, reflecting a bearish turn in market conditions. The liquidation suggests that bulls were unable to defend key price levels, leaving the market exposed to further downward pressure.
Key Insights:
Bearish Momentum: The liquidation highlights a shift to selling pressure, which could lead to further declines if buyers don't regain control.
Support at Risk: eth may test critical support zones if the bearish trend continues.
ETH Technical Breakdown:
Resistance Level: $3350
Support Zone: $3300
Momentum: Bearish, with further downside risk
Will Eth stabilize at support and attempt a rebound, or is the bearish trend set to continue? Keep an eye on trading volume and key price levels for the next move!