$ETH Liquidation Alert: Long positions worth $162K were liquidated at $3840.01. Here's a thrilling update:
Key Highlights:
Massive Sell-off: Ethereum reached $3845.01, triggering a massive liquidation of $162K worth of long positions.
Bearish Pressure: This sharp correction indicates strong downward momentum, leading to potential further price drops.
Market Reaction: The sudden liquidation signals heightened market volatility, with traders closely monitoring upcoming support levels.
Next Move:
Short-Term Strategy: Watch for a key support level near $3700. A breakdown below this could trigger further downward movement.
Risk Management: Tighten stop-loss positions and look for signs of stabilization around $3750 for a potential bounce.
Stay vigilant in this volatile market!
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