Major $ETH Liquidation Spotted
A $291K long position on Ethereum (ETH) was liquidated at $3,604.45, indicating a strong sell-off phase in play.
This critical level suggests bulls are struggling to sustain momentum.
Market Overview:
Ethereum's inability to hold above $3,600 might signal further weakness.
Liquidation of this size could amplify volatility in the short term, as traders react to the breakdown.
Trading Outlook:
• Key Support Levels: Monitor $3,550-$3,570. A strong defense here could lead to a recovery attempt.
• Resistance: If $ETH bounces, $3,620-$3,650 could act as a barrier for the bulls.
If bearish pressure persists, ETH might test $3,500 next.
Action Plan:
Aggressive traders can short on retests of broken levels.
Conservative players should wait for stabilization before entering long positions.
The market is heating up—stay alert for opportunities!
#XRPTrends #XRPReclaimsTop3 #ETHOnTheRise #MicrosoftBTCInvestmentVote #Share1BNBDaily