$ETH Long Liquidation: $2.0435K at $3629.64
$ETH just saw a significant long liquidation of $2.0435K at a price of $3629.64.
This could indicate potential volatility ahead for Ethereum.
Key Details:
Long liquidation: $2.0435K
Price at liquidation: $3629.64
Next Move:
Watch for possible price fluctuation as liquidations can cause sharp moves.
If the price drops, it could signal further downside.
A bounce at key support levels may offer a buying opportunity.
Support & Resistance:
Support: $3500 (This level may hold if the price declines further.)
Resistance: $3750 (If ETH reaches this level, it could face selling pressure.)
Buy or Sell?
If ETH pulls back to support, consider buying for a potential bounce.
If $ETH reaches resistance and struggles, think about selling or holding off for clearer signals.
Always stay cautious with market changes.