$ETH Short Liquidation Alert!

Liquidation Amount: $107,000

Liquidation Price: $3,401.70

A massive short liquidation at $3,401.70 shows strong buying pressure, with bulls firmly in control.

This could signal a continuation of the uptrend, but traders should carefully watch resistance levels.

Key Market Insights

1. Support Zone: $3,390-$3,400 is a key support area. If this holds, ETH could push higher.

2. Resistance Zone: The next major resistance is $3,450-$3,500. A breakout above this could open the door to $3,600.

3. Market Sentiment: Bullish in the short term, with momentum favoring buyers after the liquidation.

Suggested Strategy

For Short-Term Traders:

Scenario A:

If ETH holds above $3,400, consider going long.

Entry: $3,405-$3,415

Target: $3,450-$3,500

Stop-Loss: Below $3,380

Scenario B:

If $ETH struggles at $3,450, look for a short opportunity near resistance.

Entry: $3,445-$3,455

Target: $3,400

Stop-Loss: Above $3,470

For Long-Term Investors:

Accumulate cautiously near $3,350-$3,380 on pullbacks, aiming for long-term gains as ETH builds bullish momentum.

Pro Tips

1. Volume Analysis: Rising volume near $3,400 confirms strong bullish sentiment.

2. Market Trends: $ETH 's movement is often linked to BTC and overall market conditions—stay alert to broader trends.

3. Risk Management: Always use a stop-loss and avoid overleveraging in volatile conditions.

Trade smart, stay disciplined, and ride the trend with confidence!

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