$ETH Ethereum Liquidation Shock!
Ethereum (ETH) just saw a $64.6K long position liquidated at the critical price of $3,683.02!
$ETH Traders aiming for higher levels were caught off guard as ETH faced sudden resistance.
Is this the start of a broader market shift, or just a short-term shakeout?
What Went Down?
The liquidation suggests over-leveraged positions were betting on ETH breaking above $3,700.
A sudden rejection at this level might have triggered stop-losses and cascading liquidations, amplifying the volatility.
Market Analysis:
Key Resistance: $3,700 remains a psychological barrier.
Failure to break above it could invite more bears to the game.
Support Watch: Traders now look at $3,600 as the next critical zone.
A break below could lead to further downside.
Rebound Possibility: ETH bulls might use this dip as a buying opportunity if momentum recovers quickly.
Actionable Insight: With ETH showing such high-stakes volatility, the next moves will be pivotal.
Will the bulls stage a comeback, or will this liquidation fuel a deeper correction?
Fasten your seatbelts, traders—$ETH is on the edge of major action!
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