$ETH :

A major $50.6K ETH long position has been liquidated at $3,704.40!

This liquidation highlights a sharp downturn in Ethereum's price action, catching bullish traders off guard.

With increased volatility, $ETH may face further pressure in the short term.

Keep an eye on critical support and resistance levels as the market reacts to this significant event.

Stay cautious and adjust your strategies accordingly!

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