Major $ETH Liquidation Alert!
A massive $181K long position was liquidated at $3627.28, signaling increasing pressure on ETH bulls. This could mark a turning point in market sentiment, with sellers gaining the upper hand.
What This Means for $ETH :
1. Key Support to Watch:
If $3600 fails, ETH could see a sharp drop toward $3500 or even lower.
Buyers must defend this level to prevent further losses.
2. Resistance to Reclaim:
Bulls need to push $ETH above $3650-$3700 to regain control.
3. Market Sentiment:
High volatility ahead. The liquidation suggests traders are positioning for a potential breakdown.
Stay vigilant! A break in either direction could spark big moves. Be prepared for rapid action in the coming hours.
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