Major Long Liquidation on $ETH

A substantial $495K long position was liquidated at $3,225.77, signaling increased selling pressure and a potential shift in momentum. ETH is under scrutiny as traders assess the next move.

Key Levels to Focus On:

Resistance: $3,270

Support: $3,180

What’s Next for Ethereum?

If $ETH fails to reclaim $3,270, further downside is likely. A dip to $3,180 could attract buyers, but breaking below this level may lead to more bearish action.

Trade Recommendations:

Sell Entry: $3,260 - $3,270

Buy Opportunity: $3,180 - $3,200

Set tight stop losses and watch for confirmation of the trend. This is a critical juncture for $ETH —trade cautiously!

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