$ETH Long Liquidation Alert
Liquidation Amount: $132,690
Liquidation Price: $3,377.94
Ethereum just saw a significant long position liquidation, signaling heightened volatility in the market.
Such liquidations often indicate weak hands exiting or stop-loss levels being triggered, which can set the stage for major price moves.
Key Details to Watch
1. Price Action: $ETH rejection at $3,377.94 suggests strong selling pressure. Watch for potential retests of this zone or further downside moves.
2. Support Levels: Monitor key supports at $3,300 and $3,250 to gauge market strength.
3. Volume Spikes: A surge in volume near these levels could confirm trend continuation or reversal.
Next Move Strategy
For Bulls: Wait for confirmation of support above $3,300 before re-entering. Look for strong buying momentum or bullish candlestick patterns.
For Bears: If $ETH breaks below $3,300, consider short opportunities targeting $3,250 or lower. Use tight stop-losses to manage risk.
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