Massive $ETH Long Liquidation: $148K Wiped Out at $3,414.01!

The Ethereum market just witnessed a major shake-up as a $148,000 long position got liquidated at $3,414.01.

This dramatic event sends a clear warning to traders as volatility takes over.

Key Details to Watch:

1. Bearish Pressure Rising: $ETH's drop below $3,414.01 triggered this liquidation, suggesting sellers are dominating the market right now.

2. Critical Level Broken: The price slipping under this key level shows weak support. It might pave the way for further downside unless bulls regain strength.

3. Market Sentiment: A liquidation of this size often reflects panic among leveraged traders.

It could lead to more liquidations if the price continues falling.

What Does This Mean for Traders?

For Bulls: Be cautious. $ETH is losing momentum, and any long positions should have tight stop losses.

For Bears: Momentum is in your favor. Look for further dips, but stay alert for sudden reversals.

For Everyone: This is a volatile zone. Expect sharp price swings as traders reposition around this major move.

This $148K liquidation highlights the risks of leverage in unpredictable markets.

$ETH is now in the spotlight, and the next few hours could bring big moves. Stay prepared!

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