$ETH

Ethereum Shockwave! $77.7K Long Liquidated at $3,343.75

Liquidation Details:

Asset: Ethereum ($ETH)

Liquidated Amount: $77,700

Liquidation Price: $3,343.75

The second-largest cryptocurrency by market cap just witnessed a massive long liquidation, as bullish traders betting on Ethereum’s rise faced a harsh reality.

$ETH briefly dipped to $3,343.75, triggering the liquidation of a sizable $77.7K position.

What Happened?

Sell-Off Pressure: A surge in sell orders broke key support levels, blindsiding long traders.

Macro Impact:

Broader crypto market corrections and uncertainty may have fueled this downturn.

Stop Hunts?

Some speculate whale activity to flush out leveraged positions before a potential bounce.

Key Price Levels:

Support Zone: $3,300 – A crucial level for bulls to defend against further decline.

Resistance Ahead: $3,400 – Bears are likely to test this level before allowing a recovery rally.

What’s Next for $ETH ?

This liquidation signals increased market turbulence for Ethereum. Is this a prime buy-the-dip moment, or are bears gearing up for further downside action?

Traders should brace for more volatility as ETH tries to stabilize.

bulls are coming

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