Massive $ETH TH Long Wipeout!
A whopping $725K leveraged long position just got liquidated at $2,799.44, shaking up the market! This aggressive flush signals that overleveraged traders are getting punished.
🔍 What’s Next
Key Support: If ETH holds above $2,750, a relief bounce could be on the cards.
Resistance Zone: Bulls need to reclaim $2,820–$2,850 for momentum to shift.
Breakdown Risk: Losing $2,750 could invite more sell-offs, targeting $2,700 or lower.
📊 Strategy Insight: Caution is advised—wait for confirmation before entering fresh positions. A bounce or deeper correction could set up the next major move.
