🚨 $ETH Long Liquidation Alert! 🚨

Huge news in the crypto world! A $40.407K long position on $ETH was liquidated at $3350.53. This sudden liquidation could set off massive price swings, and traders should be ready for some action. Let's dive into what this means and what to expect next!

What’s Happening?

The liquidation at $3350.53 shows that a lot of traders were betting on $ETH’s rise, but now they've been forced to sell, causing immediate downward pressure.

This could trigger some quick price drops as the market reacts, but also potential for a rebound if buyers step in.

What’s Next for $ETH?

Current Price: Watch the $3300 level closely. If $ETH holds above this, it could signal a recovery. If it drops below $3300, the next support could be around $3200.

Resistance: $3400 and $3500 are key resistance levels. If breaks above these, we could see it moving back toward $3600 or higher.

🔥Buy Zone: Look to buy around $3200 - $3300 if the price shows signs of bouncing. A strong move above $3300 could signal a great buying opportunity.

🎯Target: A good short-term target is $3400. If pushes past this level, aim for $3500 or $3600 as the next resistance zones.

🚨Stop Loss: To protect your position, set a stop loss just below $3100. This will help limit your losses if the market continues to move lower.

Conclusion: With a massive $40.407K long liquidation, there’s potential for high volatility in the market. Watch for price action around $3200, $3300, and $3400. Use tight stop losses and keep an eye on resistance for any potential upward moves.

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