$ENS Long Liquidation Alert!

Amount Liquidated: $52.9K

Liquidation Price: $34.55

Ethereum Name Service ($ENS ) just saw a significant long liquidation, suggesting increased bearish pressure. Buyers failed to defend critical levels, potentially setting the stage for further downside in the short term.

What Could Be Next for $ENS ?

1. If ENS drops below $34.50, the next support zone lies at $33.80–$34.00.

Breaking this level could accelerate selling.

2. A recovery above $35 might signal renewed buying interest, targeting $36–$37 resistance.

3. Keep an eye on the broader crypto market—negative sentiment in majors like ETH and BTC could drag ENS further.

Opinion:

ENS is at a critical juncture. Wait for confirmation of support or a bullish reversal before entering new positions.

Caution is key, as volatility may remain high.

Strategy:

Aggressive traders might consider shorting below $34.50 with tight stop-losses, while conservative traders could wait for a bounce above $35 for safer entries.

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