$ETH Market Update

Liquidation Alert:


$94.7K in long positions were liquidated at $2596.12, indicating strong selling pressure and a possible shift in market sentiment.

Market Overview:


$ETH has faced a pullback after the liquidation of long positions. The price is now approaching key support levels, and the next few moves will depend on whether these levels hold or if further downside is expected.

Key Levels to Watch:

Resistance: $3300.00 – $3350.00 (Key resistance zone; breaking above this could signal a potential recovery)Support: $3200.00 – $3150.00 (Critical support area; a break below could lead to further declines)

Trade Strategy:

Buy Zone: $3200.00 – $3265.12 (If price stabilizes above support and shows signs of a bounce)Sell Zone: $3300.00 – $3350.00 (If price faces resistance and struggles to break higher)Target: $3400.00+ (If bullish momentum resumes and price breaks resistance)

Market Sentiment:


$ETH is under pressure after the liquidation event. If the price holds the support zone around $3200.00, there could be an opportunity for a rebound. A break below this support could lead to further declines.

Stay alert and manage your risk accordingly.

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