Big Liquidation Alert $60.5K $ETH Longs Wiped Out!
Ethereum bulls just faced a heavy blow as $60.5K worth of long positions were liquidated at $3381.25!
Market Reversal: A sudden dip has caught buyers off guard, forcing an exit and intensifying bearish pressure.
Bearish Control: Sellers are dominating, raising uncertainty about $ETH's next move.
What’s Happening?
1️⃣ Sharp Downturn: The price hit a critical level, triggering liquidations and adding to the selling frenzy.
2️⃣ Weak Momentum: Buyers couldn’t hold their ground, paving the way for a bearish trend.
3️⃣ High Volatility: Liquidations like this often signal unpredictable market swings brace for more action.
Key Levels to Watch:
Support Zones: Keep an eye on $3360 and $3340 as critical levels for potential recovery.
Resistance Levels: If $ETH rebounds, $3400 and $3425 could act as hurdles.
Volume Signals: Increased volume on either side will show whether sellers remain in control or buyers fight back.
How to Handle It:
Stay Alert: Watch for stabilization before jumping into new trades.
Protect Your Capital: Use stop-loss orders to guard against further downside.
Plan Your Move: Monitor charts closely to catch any signs of reversal or continued downward momentum.
$ETH is under fire! Will the bulls regroup, or is the sell-off just getting started?
Keep your eyes locked on the charts for the next big move!
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