🔻 Massive $ETH Long Liquidation!
A staggering $470.45K long position on $ETH was liquidated at $3385.06, marking a decisive bearish move in the market. This liquidation reflects a sharp shift in sentiment, with sellers taking control and bulls caught off guard.
Key Highlights:
Significant Liquidation: Such a large position being wiped out signals heavy selling pressure, raising caution for leveraged traders.
Momentum Shift: Bulls must reclaim critical levels quickly to avoid further downside.
ETH Technical Analysis:
Resistance Level: $3400
Support Zone: $3350
Momentum: Bearish, with heightened risks of continued downward pressure
Will $ETH find stability and reclaim lost ground, or are the bears preparing for a deeper dive? Watch for volume and sentiment signals to gauge the next move!
