$ETHUSD_PERP just saw a massive liquidation hit the market—$213K long position wiped out at $4,180.20. This sudden flush has traders on high alert as ETH hovers in a volatile range. Current price action shows ETH battling to hold above $4,170 support, with the next critical resistance sitting at $4,320.

If bulls push through $4,320 with strong volume, upside targets could stretch toward $4,400 and even $4,500. However, if ETH fails to hold $4,170, sellers might drag it down to $4,120 or lower.

For long setups, consider entries above $4,320 with a stop just under $4,300. For shorts, entries near $4,320–$4,330 with stops above $4,340 aim for $4,250 and $4,180.

Pro tip: In high-liquidity wipeouts like this, wait for confirmation candles before jumping in—emotions run high and traps are common.

Will $ETHUSD_PERP reclaim momentum or sink deeper? Your move, traders.