$ETH Liquidation Tsunami Strikes!

$ETH (#ETH) Long Position Liquidated: A staggering $97.6K obliterated at $3349.12!

The crypto market just delivered a ruthless blow to overleveraged traders as ETH's price action took a sharp turn, triggering massive liquidations.

The aftermath is a stark reminder of the unforgiving volatility in the crypto space.

What Went Down:

Liquidation Type: Long

Liquidation Value: $97,600

Trigger Price: $3,349.12

Behind the Scene:

Heavy sell-offs combined with liquidity gaps sent $ETH plunging to wipe out positions.

Speculators betting on a breakout got caught off guard as market makers capitalized on stop losses.

What’s Next for ETH?

Key Support Level: $3,300

Resistance to Reclaim: $3,400

The $3,300 mark will be critical for bulls to defend.

If it breaks, we could see cascading liquidations in the $3,200-$3,100 range.

Market Sentiment:

Leveraged longs are under pressure.

Bearish momentum building as traders reassess risk.

Caution: ETH’s current volatility is a double-edged sword – are you playing it safe or doubling down?

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