🚨 Ethereum Shakeout! 🚨
A long liquidation of about $11.17K just hit ETH, with price sitting close to $4,136.
This shows many traders who were betting on a rise got forced to close, adding sudden selling pressure.
Quick flush: Over-leveraged longs cleared out, removing weak hands.
Key support zone: ETH is testing the $4,100–$4,150 range, an important short-term floor.
Rising activity: Trading volume is climbing, which can spark sharp and fast moves.
Bullish chance: If buyers protect the $4,100 area, ETH could bounce toward $4,200–$4,250 soon.
Bearish risk: A clean break below $4,100 might pull price down to around $4,000 before finding a base.