$ETH Long Liquidation: $40.202K at $3350.16

Ethereum has faced long liquidation at $3350.16, signaling increased selling pressure as leveraged buyers exit positions. This opens up opportunities for both recovery traders and bears aiming to capitalize on the downturn.

📊 What’s Next for $ETH ?

1️⃣ Buy Zone:

Watch for potential accumulation around $3200 - $3250, a solid support range where buyers might step in.

2️⃣ Targets 🎯:

Target 1: $3400 – Quick recovery point for a bounce.

Target 2: $3500 – Major resistance zone for short-term gains.

Target 3: $3650 – Full bullish recovery if momentum builds.

3️⃣ Stop Loss:

Place a stop loss below $3150 to manage risk if selling pressure continues.

📉 Why This Happened:

Market Sentiment: $ET bulls couldn’t sustain the momentum above $3350.

Liquidation Cascade: Overleveraged positions triggered a downward spiral.

Technical Weakness: Failed attempts to reclaim higher resistance levels led to increased pressure.

⚡ Trading Strategy:

For Bulls: Wait for confirmation of a bounce near the $3200 support. Enter cautiously with targets at $3400 and $3500.

For Bears: If ETH breaks below $3200, shorting opportunities open up with a target towards $3000.

Use Tight Risk Management: Stick to stop-losses to avoid getting caught in volatile moves.

🚀 Final Thoughts:

Ethereum’s liquidation offers a chance for strategic traders to capitalize. Stay patient, watch key levels, and trade with discipline. A bounce near $3200 could lead to strong recovery gains!

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