$ETH just saw a massive $523K long liquidation at $3344.57.
This big move has got everyone talking—what comes next for Ethereum?"
Important Details about $ETH:
ETH is the native cryptocurrency of Ethereum, the second-largest blockchain by market cap.
It is the foundation for decentralized applications (dApps) and smart contracts, powering a wide range of industries from finance to gaming.
Ethereum is in the process of transitioning to Ethereum 2.0, which promises to improve scalability and energy efficiency.
Next Move Suggestion:
Watch for a possible correction after this liquidation, especially if $ETH falls to around $3300 or lower.
If Ethereum can hold above $3300 and shows strength, it could lead to another upward move.
Look for a break above $3400 for confirmation of bullish momentum.
Support & Resistance:
Support: Around $3300, this could be a level where the price finds stability.
Resistance: Around $3400 - $3450, where the price might face selling pressure.
Buy or Sell?
Buy if $ETH bounces above $3300 and shows strength.
Sell or take profits near $3400 - $3450, as these levels could face resistance.