$ETH Long Liquidated:
Amount: $475K
Price: $3305.39
What’s Happening?
Ethereum just hit a major liquidation level. Bulls faced a setback, with $475K in long positions wiped out as ETH dipped to $3305.39. This suggests selling pressure is mounting.
1. Watch Key Support: If ETH breaks below $3300, it could dive to $3250 or lower.
2. Momentum Shift?: If ETH reclaims $3350, bulls may regain strength.
3. Macro Trend: Keep an eye on Bitcoin; ETH often follows its lead.
Important Details
Volume Surge: Liquidations may signal a potential trend reversal.
Market Sentiment: Fear is growing. Expect volatility!
RSI Levels: Near oversold zones—bounce possible soon.
Stay cautious. Volatility ahead!