$ETH on the Edge: $86.2K Long Liquidated as Bulls Stumble at $3779!
Ethereum ($ETH/USDT) just witnessed a massive $86,200 long liquidation at $3779.46, signaling sharp volatility across the board.
📊 Current Price: $3770
🔼 24H High: $3824
🔽 24H Low: $3655
After pushing toward the $3800 resistance zone, Ethereum faced rejection, leading to a swift cascade of long liquidations. The price is now consolidating just below key resistance, making the next move critical.
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🔍 Technical Analysis
Resistance: $3820 – $3850 (major supply zone)
Support: $3680 – $3650 (bulls must defend)
Trend: Short-term pullback after extended rally
RSI: Cooling off from overbought levels (~64)
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💼 Trade Setups
🔴 Short Setup (If $3820 rejects again):
Entry: $3815
Target 1: $3720
Target 2: $3655
Stop Loss: $3860
🟢 Long Setup (If support at $3655 holds):
Entry: $3685
Target 1: $3770
Target 2: $3840
Stop Loss: $3620
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💡 Pro Tip:
Watch liquidation levels closely—they often foreshadow price reversals. The latest long wipeout could be a shakeout before the next leg.
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📣 What’s your move? Are you going long on the dip or shorting the rejection?
💬 Drop your strategy below and tag your trading buddies!