Massive $ETH Long Liquidation at $1792.29! What's Next?
Today, we just saw a big shakeout in the Ethereum market! A huge $13,858 worth of ETH long positions got liquidated at $1792.29. This means many traders were expecting $ETH to go up, but the market dipped instead—forcing them out!
But smart traders don’t panic. They plan the next move!
What’s Happening?
This kind of liquidation often clears out weak hands, and strong bounce backs can follow. Ethereum is still in a key demand zone, and many eyes are now on the next opportunity.
Buy Zone (Entry Level):
$1760 - $1790
This zone has shown support before. If ETH holds this level, we might see a bullish reversal.
Target Levels:
Target 1: $1865
Target 2: $1920
Target 3: $1980 (if strong momentum builds)
Stop Loss:
$1745
If price breaks below this level, it could fall further. Always use a stop loss to manage risk!
Our Analysis:
The long liquidation may signal a bottom formation, especially if ETH reclaims the $1800+ zone quickly. If buying interest increases, we could ride a strong upside wave.
This setup is good for swing traders and short-term holders.
Stay focused. Watch the price action. Let the chart guide your moves!
