$ETH long positions were wiped out at $2,938.07, sending shockwaves through traders who expected continuation. Confidence vanished in seconds as price snapped lower, stops cascaded, and leverage cracked under pressure. What looked like strength became a brutal liquidity sweep, punishing late entries without hesitation. This wasn’t a gentle pullback it was a sharp reminder that Ethereum moves fast and spares no one. As longs disappeared, disciplined traders stayed patient, watching the market reset. In crypto, conviction without risk control is fatal.

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ETH

3,207.21

+1.98%