$ETH Long Liquidation Alert

Liquidation Amount: $1,667.1

Price Level: $3,334.11

This liquidation shows selling pressure, possibly causing short-term price dips. Here’s what you need to know:

Key Details:

1. Market Impact:

A liquidation at this level signals weakness, but ETH often shows strong rebounds.

2. Support Level:

Watch if $3,334 holds as a support. If it breaks, ETH might dip further.

3. Resistance Level:

Any bounce might face resistance around $3,400 or higher.

Suggested Next Moves:

For Traders:

If ETH breaks below $3,334 with volume, consider shorting or waiting for a lower re-entry point.

If it holds, watch for a recovery to go long.

For Investors:

ETH’s long-term outlook remains strong. If fundamentals align, consider accumulating on dips near key supports.

$ETH

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