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#ETHBreaks2k MASSIVE $ETH LONG LIQUIDATION at $2,018.17 – What’s Next for Ethereum? The crypto market just witnessed a huge long liquidation on Ethereum (ETH), with a staggering $403.6K wiped out at $2,018.17 on Binance! This event has sent shockwaves through traders, raising urgent questions: Is this a signal of deeper downside, or are the bulls about to make a strong comeback? Let’s break down the situation and explore what’s next for ETH. What Triggered This Long Liquidation? Several key factors could have led to this massive liquidation event: 1️⃣ Weak Support at $2,018 – ETH failed to hold this critical level, leading to a cascade of liquidations as stop-losses were triggered. 2️⃣ Leverage Reset – Many traders were overleveraged on long positions, and when the price dipped, their positions were forcefully liquidated. 3️⃣ Whale Manipulation? – Large players might have deliberately pushed prices lower to liquidate weak longs before accumulating ETH at cheaper levels. 4️⃣ Bitcoin’s Influence – If BTC showed weakness, it could have dragged ETH and other altcoins down, triggering a market-wide correction. 5️⃣ Funding Rate Adjustment – High funding rates often lead to sharp liquidations, allowing the market to reset before the next move. 📊 What Does This Mean for Ethereum? Bearish Scenario: A liquidation at $2,018.17 suggests weak buyer demand at this level. If selling pressure continues, ETH could drop to $1,980 or even $1,950, where the next major support lies
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