🚹 $ETH Long Liquidation Alert: $17.423K Liquidated at $3484.53! 🚹

The $ETH market just experienced a massive shake-up with $17,423 worth of long positions liquidated at $3484.53! This could signal the start of a major price move, but what happens next? Let’s dive into what you need to know for the upcoming market action!

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What’s Next for $ETH?

1ïžâƒŁ Bullish Scenario:

The liquidation of long positions could trigger buying pressure. If $ETH breaks above $3500 and holds, we might see it push toward $3550 or even higher levels.

2ïžâƒŁ Bearish Scenario:

If ETH fails to hold above $3450 and retraces below $3400, it could signal a pullback. A drop below $3350 would indicate further downside, so be prepared for possible bearish action.

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Trading Plan for ETH (Not financial advice)

Buy Zone:

Look for an entry around $3450 - $3470 if price stabilizes and shows signs of upward momentum after the liquidation.

Target Levels:

Target 1: $3500 (initial resistance zone)

Target 2: $3550 (next key resistance)

Target 3: $3600 (extended target if the trend continues upwards)

Stop-Loss:

Set your stop-loss at $3350 to protect your capital in case the price retraces further.

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Key Signals to Watch:

✔ A strong move above $3500 with solid volume could signal a bullish continuation toward $3550 and beyond.

✔ If ETH drops below $3400, it could be the start of a larger pullback—stay alert.

✔ Keep an eye on Bitcoin and broader market sentiment as they often influence $ETH’s price movements.

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Pro Tips for Trading $ETH:

đŸ”č Wait for confirmation—don’t rush into trades without clear signals.

đŸ”č Use small position sizes to manage risk, especially in volatile market conditions.

đŸ”č Consider using a trailing stop-loss to lock in profits as the price rises.

đŸ”„ ETH is at a critical level—trade wisely and make the most of the potential moves ahead! đŸ”„

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