🚨 Wow $ETH slipped from $4,700 to $4,500 in a flash, but it’s back at $4,600 and building strength again.
This wasn’t just a dip—it was a sudden plunge fueled by a massive cascade of liquidations. Over $110 million worth of short positions were wiped out in a single day, sending shockwaves through the charts.
This forced drop was followed by near-instant recovery, showing how fast sentiment can flip when key levels hit.
Now, Ethereum seems to be regaining its composure around $4,600—a critical battleground between cautious selling and renewed buying. With shorts under pressure and demand picking back up, this zone could set the tone for the next move.
It feels like markets just got a reality check—and a reminder that volatility can shake traders awake in seconds. The real question now: will $ETH consolidate here and gather steam, or chill and give bears another shot?
