💥 $ETH Long Liquidation Alert
📉 Liquidation Amount: $49.778K
📍 Liquidation Price: $3600.3
A massive liquidation of long positions just hit! This move could lead to significant price fluctuations. Will it cause a sharp drop, or is it a temporary correction before the bulls come back? Let's analyze the situation.
---
📊 Market Insights
A liquidation of this size indicates pressure on the long positions, which might cause the price to dip further. However, this could also lead to a strong rebound if buying support kicks in at the right levels. Watch for price stabilization before making your move.
---
🎯 Key Levels to Watch
Buy Zone: $3550 - $3600
(This zone could provide a good entry point if the price holds here and shows signs of stabilization.)
Target 1: $3700
Target 2: $3800
Target 3: $3900
🚨 Stop Loss:
Place your Stop Loss at $3500 to protect against a deeper downturn.
---
What Could Happen Next?
Bullish Scenario: If $ETH maintains support above $3600 and buying volume increases, we could see it rally toward $3700, $3800, and even test $3900.
Bearish Scenario: If $ETH falls below $3550 and breaks through $3500, further declines are possible, with the next support around $3400.
