Ethereum Longs Wiped Out!
A hefty $64.4K in long positions just got liquidated at $4,491.14, shaking out overconfident bulls and injecting fresh volatility into the market. The sudden flush signals that ETH’s uptrend hit a resistance wall — but this reset might just be the fuel for the next powerful move.
Market Sentiment:
After a fierce rally, ETH hit exhaustion near the $4.5K zone, triggering cascading liquidations. Smart money could be waiting to scoop up discounted entries as liquidity pools refill. The bulls aren’t gone — they’re reloading.
Key Levels to Watch:
Immediate Support: $4,440 – The first line where buyers may re-enter.
Next Support: $4,360 – Crucial if the sell-off deepens; below this, sentiment could weaken.
Resistance: $4,520 – A tough ceiling; breaking it would reignite bullish energy.
Next Target: $4,600 – A breakout above resistance could send $ETH roaring back toward new highs.
Market Outlook:
$ETH s long liquidation flush may have cleared the path for a cleaner uptrend. If it reclaims $4,520, expect a momentum surge toward $4,600–$4,680. But a drop below $4,360 could extend the correction to $4,280 before bulls strike back.
Summary:
Longs burned, liquidity reset, and volatility rising — Ethereum’s next big move is loading. Stay when ETH snaps back doesn’t whisper… it erupts.