$ETHFI Liquidated Long: $62.8K at $2.562
Massive liquidation in #ETHFI today, with $62.8K worth of long positions wiped out at $2.562.
A strong reversal hit after price failed to maintain upward momentum, trapping buyers at the top.
What’s next for $ETHFI ?
This liquidation signals potential weakness, as bulls struggled to keep control.
Watch closely for a possible retest of lower support zones. Key levels to watch:
• $2.25 support: A key level that could offer a bounce if held.
• $2.50 resistance: Price needs to reclaim this level for a bullish reversal.
Next move?
Consider waiting for confirmation around the $2.25 level before entering any positions.
A break above $2.60 could signal a recovery, but be cautious of further pullbacks before committing.
Stay vigilant and always trade with risk management in mind!
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