$ETH Long Liquidation Alert!
A significant $76.9K long position in Ethereum (ETH) was liquidated at $3,308.85, highlighting the cryptocurrency's recent volatility.
Current Price: $3,301.19 (slightly below liquidation level).
Intraday Range: High at $3,397.62, Low at $3,282.94.
Recent Developments:
Market Correction: Ethereum has experienced a 1.90% decline today, trading around $3,301.19.
Liquidation Surge: The cryptocurrency market witnessed liquidations totaling $150 million in a single hour, with a significant portion attributed to long positions in Ethereum.
Next Moves:
Support Level: $ETH is approaching the $3,280 support zone. A successful hold above this level could indicate a potential rebound.
Resistance Level: A break below $3,280 may lead to further declines, with the next support around $3,200.
Pro Tip: Given the current market volatility, it's crucial to monitor Ethereum's price action closely and consider risk management strategies when trading.