Massive Action on $ETH !
A $4.3114K long liquidation just occurred at $3,710.35, showing intense selling pressure as bulls lost control.
The market is at a key turning point—prepare for big moves!
Important Details:
Long Liquidation: Traders betting on a price rise were forced out as the price dropped.
Current Price Zone: $3,710.35.
Market Sentiment: Bears are dominating, driving prices lower.
Support and Resistance Levels:
Support: $3,680 (Critical level where buyers might defend).
Resistance: $3,750 (Key hurdle for any upward move).
What Should You Do?
Buy Strategy: Wait for the price to stabilize near $3,680 and look for recovery signals like strong buying or bullish candles.
Sell Strategy: If the price struggles near $3,750, selling could be a safer option to take advantage of bearish momentum.
Next Move:
A break below $3,680 signals more downside (bearish).
A break above $3,750 shows potential for a bullish reversal.
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