$ETH Long Liquidation: $9.4316K at $3,897.36!

Details:

Liquidation Type: Long Position

Amount Liquidated: $9.4316K

Liquidation Price: $3,897.36

What Happened?

ETH bulls betting on higher prices got caught in a sudden dip,

triggering liquidations. Market pressure from sellers outweighed buy orders, forcing leveraged long positions to close.

What’s Next?

1. Key Levels to Watch:

Support Zone: $3,850 – A break could see further declines.

Resistance Zone: $3,950 – Bulls need to reclaim this for recovery.

2. Market Sentiment:

Trend: ETH shows short-term bearish pressure with high volatility.

Potential Moves: Buyers may defend key supports, creating bounce opportunities.

3. Trader Strategies:

For Sellers: Target profits cautiously as price nears support levels.

For Buyers: Watch for confirmation signals before entering new longs.

Conclusion: This $9.4K liquidation highlights the risk of high leverage in unpredictable markets.

Stick to smart strategies, monitor price action, and prepare for quick reactions in ETH's next moves.

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