$ETH Longs Wiped Out!

$581K Long Liquidated at $3,411.82!

The crypto market just delivered a crushing blow to Ethereum bulls, with an enormous $581K long position liquidated as ETH tumbled to $3,411.82.

This shocking move highlights the heightened volatility gripping the market, catching traders off-guard in both directions.

🔹 What Triggered the Liquidation?

1. Bearish Pressure: ETH failed to maintain momentum above critical resistance levels, leading to cascading liquidations.

2. Macro Uncertainty: Broader market jitters have left bulls vulnerable, creating sharp price swings.

3. Weak Support: Breaking below $3,450 triggered a domino effect, forcing leveraged positions to close.

🔹 Market Outlook

Support to Watch: The $3,400 psychological level is now crucial; failure to hold could lead to further declines toward $3,300.

Bearish Momentum: If sellers dominate, $ETH could remain under pressure in the short term.

Bounce Potential: Look for increased buying activity around support zones for signs of recovery.

What's Your Next Move?

With $581K wiped out in a single move, traders must brace for continued volatility.

Tight risk management is key as $ETH remains in the crosshairs of both bulls and bears.

ETH: The War is Far From Over!

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