🚨 ETH Long Liquidation Alert 🚨
Ethereum is currently under heavy pressure, and long positions are being wiped out as price dips sharply below key support levels.
🔍 Current Situation:
💥 Longs are getting liquidated as price breaks below major support
📉 Leverage positions are being flushed out
📊 Liquidation data shows millions of dollars in ETH long positions have been wiped out in the last 24 hours
📉 Key Levels to Watch:
Support broken: $2500
Next critical support: $2000
Resistance now: $2280
🧠 What’s Causing This?
📉 Weak overall market sentiment
🌍 Global tensions and macroeconomic uncertainty
🔁 Excessive leverage in the system
⚠️ What To Do:
✅ Avoid opening high leverage long positions
🔎 Wait for stability and confirmation near next support
🛡️ Use tight stop losses if trading
💬 Watch funding rates and open interest for clues on reversal