Breaking: $ETH Long Liquidation of $49.886K at $3,382.08!
The crypto markets just witnessed a major liquidation blow to $ETH bulls as $49.886K in long positions were wiped out at a critical level of $3,382.08.
This massive liquidation hints at mounting selling pressure and increased volatility for Ethereum.
Key Details:
Liquidation Amount: $49.886K
Liquidation Price: $3,382.08
Market Sentiment: Bearish under pressure; potential cascade risk if support levels fail.
Next Move:
1. For Long Traders: Exercise caution. Reduce leverage and watch for solid support around $3,350-$3,300.
Consider re-entering only on confirmed bounce signals.
2. For Short Sellers: Monitor for weak bounce attempts and look for entry points near resistance at $3,400-$3,450.
Tight risk management is key in volatile conditions.
3. Market Watchers: Keep an eye on volume and RSI indicators.
If selling accelerates, prepare for a potential drop toward the $3,200 zone.
This is a critical time for $ETH traders.
The battle between bulls and bears could define the next big move—stay sharp!