$ETH Ethereum Bulls Get Squeezed! $50.5K Long Liquidated at $3240.78!

A $50.5K long position was liquidated at $3240.78, signaling a shift in market dynamics as leveraged positions are forced out. This liquidation could be a precursor to further downside if ETH fails to regain key levels, indicating a potential bearish shift in momentum.

📉 Market Breakdown:
🔸 The $3240.78 liquidation suggests bullish exhaustion as buying power weakens, leaving ETH vulnerable to further declines.

🔸 If Ethereum can’t recover $3250 and $3260, the next move could be a drop towards $3200, followed by $3150 as a critical support area.

🔸 A break below $3150 would likely lead to additional selling pressure, testing $3100.

📊 What’s Next for ETH?
✅ Bearish Continuation: If ETH struggles to break $3250, we could see further weakness, with $3200 and $3150 coming into play as support zones.

❌ Bullish Reversal: A reclaim of $3250 could offer a path back to $3300 and higher, reversing the current sentiment.

💡 Strategic Advice:
🔸 Bearish Traders: Consider entering if ETH breaks below $3200, targeting $3150 or lower.

🔸 Bullish Traders: Look for confirmation above $3250 for a potential recovery play, but proceed with caution as volatility remains elevated.

🔸 Always keep your stop-loss levels tight to protect from sudden market shifts.

⚡ ETH’s momentum is at a crossroads—watch these key levels closely for the next decisive move!

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