Ethereum ($ETH ) Brief: Long Liquidation Signals Market Reset ⚡
ETH recently experienced a $1.74K long liquidation at $4,166.99, reflecting a short-term pullback amid ongoing volatility. This adjustment may prime ETH for a fresh upswing if support holds.
📊 Key Price Zones:
Support: $4,100 — a critical floor for buyers to defend.
Resistance: $4,250 — the next hurdle to clear for bullish momentum.
Trend Insight:
The liquidation suggests temporary selling pressure, but ETH’s fundamentals remain strong. A bounce off $4,100 could trigger renewed buying interest.
Trade Setup:
Buy Entry: Consider entering between $4,110 and $4,140 with confirmation of demand.
Targets: $4,250 initially; beyond that, $4,350 if momentum sustains.
Stop-Loss: Place stops below $4,080 to limit downside.
Watch for volume increases and candlestick signals to confirm reversal strength.
Trade carefully and keep an eye on overall market sentiment!
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