$ETH ETH LONGS GET LIQUIDATED!
🔴 Ethereum just saw a $107K long wipeout as the price dipped to $2,494.64! A wave of forced liquidations added pressure, pushing ETH lower as bulls struggled to hold key levels.
🔮 What’s Next for ETH?
With long positions getting flushed, ETH is at a crucial decision point. If buyers step in aggressively, we could see a strong rebound. However, if weakness persists, further downside may follow.
📊 Key Levels to Watch:
🔻 Support Zone: $2,470 - $2,490
🔺 Resistance to Reclaim: $2,510 - $2,530
📈 Potential Scenarios:
Holding $2,490 could spark a relief rally toward $2,520-$2,550.
A drop below $2,470 might lead to further downside, targeting $2,450-$2,460.
⚠️ Market remains volatile—trade with caution! ⚠️
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