🚨 $ETH Long Liquidation Alert! 🚨

Ethereum witnessed a long liquidation of $11.83K at the critical price level of $3440.97! This signals a potential shift in the market. What’s next? Let’s analyze and strategize!

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What Does This Mean?

Long liquidation happens when buyers are forced to close their positions as the price drops. This often increases selling pressure but can create opportunities if the market stabilizes.

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Buy Zone

Entry Range: $3425 - $3450

This is a key support zone where buyers may step in to push prices higher. Watch for signs of recovery before entering.

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Target Levels

1. Target 1: $3480 (Immediate resistance)

2. Target 2: $3515 (Short-term breakout level)

3. Target 3: $3550 (Strong bullish move if momentum builds)

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Stop Loss

Below $3410

Set your stop-loss just below the support zone to minimize risk if the downtrend continues.

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Market Sentiment

💡 Neutral-to-Bearish: The liquidation suggests weak buyer strength at this level, but recovery is possible if volume returns.

⚠️ Key Warning: If $ETH drops below $3410, we could see further declines toward $3380.

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Pro Tips for Traders:

Watch Volume: Increased buying volume near $3425-$3450 could signal a reversal.

Patience is Key: Don’t jump in unless the market confirms stability at support.

Use Risk Management: Always trade with a proper stop loss.

Trade Smart, Stay Sharp! 🚀

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