$ETH technical analysis
Massive liquidation struck for Ethereum ($ETH)! A staggering $1.8288K in longs was wiped out at a price level of $3,657.63.
This event underscores the intense volatility ETH traders are facing. Those aiming for high leverage may need to brace for sharp price movements in both directions.
Key Insights:
Liquidation Volume: $1.8288K
Liquidation Price: $3,657.63
Market Sentiment: Bears seem to have gained the upper hand, shaking out leveraged long positions.
Strategy Suggestion:
1. Reassess risk levels and set tighter stop-losses.
2. Use this volatility as an opportunity to re-enter smart positions with proper risk management.
3. Watch critical support zones around $3,600 for potential rebounds.
The market is moving fast—stay sharp!