$ETH Long Liquidation Carnage: $14.85K Erased at $3,628.47

The crypto market was rocked as $14,851 worth of $ETH long positions were liquidated at the critical price level of $3,628.47.

This dramatic event sent shockwaves through the trading community, reinforcing the high-stakes, high-risk nature of crypto markets.

Ethereum bulls, betting on a continued upward rally, were blindsided when the price sharply reversed, breaching the key support level at $3,628.47.

This triggered a wave of liquidations, forcing leveraged long positions to close.

The cascading effect of these liquidations intensified selling pressure, accelerating ETH’s descent and leaving traders scrambling to adjust.

1. Key Support Broken: The collapse of $3,628.47 marked a significant shift in sentiment, flipping a critical support level into a resistance zone.

2. Major Liquidation Volume: A $14.85K liquidation showcases the scale of leveraged bets placed on $ETH 's bullish trajectory—and how quickly they unraveled.

3. Volatility Surge: The swift and dramatic

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