$ETH Long Liquidation Alert!
An $333K long position was liquidated at $3,223.16, highlighting significant bearish pressure as buyers were unable to defend key levels.
Current Market Levels:
Resistance: $3,250 - $3,280
Sellers dominate this zone. ETH needs to break and sustain above it to regain bullish momentum.
Support: $3,180 - $3,150
Watch for a bounce in this range. A breakdown below $3,150 could lead to deeper declines.
Next Move Suggestions:
1. For Buyers:
Wait for $ETH ETH to approach the $3,180 support zone. Look for signs of a rebound like increased buying volume or a bullish candle.
Set tight stop-losses below $3,140 to minimize downside risk.
2. For Sellers:
Consider shorting if ETH fails to break above $3,250. Look for entries near resistance with a target around $3,180.
.Market Sentiment: Bearish pressure remains strong, so prioritize short-term trades and use proper risk management strategies.
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