$ETH Long Liquidation: $99.9K at $3598.80

A $99.9K long position on Ethereum (ETH) was liquidated at $3598.80, revealing intense selling pressure.

This liquidation suggests that the bulls have lost control, and a downward shift in momentum could be underway.

Market Breakdown:

The $3598 level failed to hold, allowing bears to take over. This could lead to more sell-offs in the short term.

The large liquidation hints at a possible further pullback as traders react to the price action.

What’s Next for $ETH ?

• Key Support Zone: Watch $3550-$3560. If this area holds, a bounce could happen, giving bulls another shot.

• Downside Potential: A break below $3550 could lead ETH toward $3500.

• Resistance: A recovery above $3600 may signal a return of buying pressure.

Trading Insight:

For aggressive traders, consider shorting rallies near resistance, targeting further declines.

Those with a more cautious approach should wait for clear confirmation of support before entering longs.

$ETH ’s next move is critical—keep an eye on support levels for potential opportunities!

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