$ETH Long Liquidation Alert!
Ethereum ($ETH) bulls just faced a hefty blow as $1.1442K in long positions were liquidated at $3,345.68, sending ripples through the crypto market.
đ What Happened?
Liquidation Amount: $1,144.2
Liquidation Price: $3,345.68
Market Sentiment: Bearish dominance
⥠Current Momentum
$ETH's price action is on shaky ground, with bearish momentum pushing longs out of the game. However, significant liquidations like this can also set the stage for sharp rebounds.
đ Key Levels to Watch
Resistance: $3,400
Support: $3,300
Recovery Zone: Above $3,370
đĄ Strategy
For Buyers: Look for stability near $3,300 for potential long entries.
For Sellers: Ride the bearish wave but secure profits before a rebound kicks in.
Will $ETH bulls reclaim their momentum, or is this the start of a deeper correction? Keep your stops tight and your eyes on the charts!