$ETH ETH Longs Hit Hard! $91.6K Liquidated at $2,264.50!
Ethereum traders just faced another brutal liquidation, with $91,600 in long positions wiped out at $2,264.50! Overleveraged positions got caught in the squeeze, fueling market instability.
📉 What’s Next for ETH?
This liquidation event suggests weak bullish momentum—if buyers can’t step in quickly, we might see further downside pressure. However, a strong rebound from support could open the door for a short-term recovery push.
📊 Critical Levels to Watch:
🔻 Support: $2,240 - $2,255
🔺 Resistance: $2,280 - $2,295
🎯 Trading Strategy:
Traders should observe price action around key levels. A break below support could trigger another wave of liquidations, while a reclaim of resistance might present fresh long opportunities. Risk management is crucial!
#Ethereum #ETH #CryptoAlerts
