$ETH $ Long Liquidation Alert: A $7,015.7 long position was liquidated at $3,377.79. This shows bearish pressure, as traders who expected ETH to rise were forced out. Here's the full breakdown and your next steps: --- Key Details: 1. What Happened: A long liquidation occurs when the price drops below a critical level, forcing traders who were betting on a rise to exit their positions. 2. Critical Price Levels: $3,377.79: This is now an important resistance level. Watch if ETH can break through this level or if it faces further rejection. Support: Key support may lie around $3,350, so keep an eye on that level. 3. Market Sentiment: Bearish in the short term, due to the liquidation. However, a bounce or recovery could occur if buyers step in. --- Next Moves: 1. Key Levels to Monitor: Support: $3,350 (next critical zone). Resistance: $3,377.79 (recent liquidation level). 2. If Holding ETH: Set a Stop-Loss: Just below $3,350 to limit losses if the price continues to fall. Hold only if the price stabilizes above $3,350 and shows signs of recovery. 3. If Trading ETH: Bearish Plan: If the price stays below $3,350, expect further downside. Shorting or waiting for a clearer trend might be best. Bullish Plan: If ETH can break and hold above $3,377.79 with high volume, it could be a sign of a recovery. 4. Watch the Volume: Strong volume above $3,377.79 suggests a possible price reversal to the upside. $ETH #CryptoMarketDip #BullCyclePrediction #MicroStrategyAcquiresBTC #TrumpBTCBoomOrBust