$ETH Liquidation Alert
A long position worth $247,000 was wiped out at $3,677.79, signaling increased volatility in Ethereum's price movement.
Such a significant liquidation suggests that bullish momentum might be under pressure.
Market Outlook:
• Short-Term Dynamics: This liquidation may trigger cautious sentiment among buyers, potentially leading to slower recovery or further pullbacks.
Critical Zones to Monitor:
• Support: $3,650 – A break below this could accelerate a downtrend.
• Resistance: $3,700 – A recovery above this level might reignite bullish confidence.
Next Move Suggestion:
If $ETH holds above $3,650, scalpers might explore quick long trades with tight stop-losses.
A breakdown below this level could offer a shorting opportunity, targeting $3,600 or lower.
Expert Insight:
Keep an eye on BTC’s movement and macro news.
as ETH often mirrors broader market trends. Adjust your positions accordingly.
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