$ETH Long Liquidation Alert!

$78,600 in Longs Liquidated at $2,416.42

ETH bulls just got knocked out! A sharp dip to $2,416.42 triggered a massive $78.6K in long liquidations, signaling a brutal shakeout for over-leveraged buyers. The market just reminded us — no mercy for the greedy!

What Happened?

• Traders were loaded with longs expecting continuation above $2.430+.

• But price reversed, and liquidation swept the board below $2,420.

• It’s a classic trap — weak longs wiped, now the next move could be key.

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Market Sentiment:

• Short-term bearish pressure is building.

• But if bulls defend the $2,400–$2,410 zone, we could see a fast reversal.

• This kind of move often sets up for a bounce — if support holds.

Next Move:

• ETH must hold above $2,400 – that’s the line between recovery and more bleeding.

• If bulls step back in, expect volatility and quick upside pushes.

• Confirmation will come from a bullish candle + rising volume above $2,430.

Recovery Targets (If Bounce Occurs):

• TG1: $2,445 – bounce-back level

• TG2: $2,480 – local resistance

• TG3: $2,525 – trend continuation zone

Pro Tip: Wait for signs of strength — don’t knife-catch.

This liquidation just cleared weak hands. Now let’s see if the smart money steps in.