$ETH Long Liquidation: $20.989K at $3310.58
A $20.99K long liquidation at $3310.58 shows buyers failed to defend a key support on Ethereum. This forced exit of leveraged long positions traps buyers above the zone and turns that broken support into a fresh resistance level. As ETH bounces back into this area, trapped traders may sell to exit their losing positions, adding more downside pressure.
Next Move
Staying below $3307–$3314 keeps long traders trapped and favors continued selling pressure on each retest.
Targets – Bearish Follow-Through
TG1: $3298
TG2: $3286
TG3: $3268
Pro Tip
Avoid shorting immediately after the liquidation dump. Wait for ETH to retest $3307–$3314 and only enter if a clean rejection forms with weak volume on the bounce. This method avoids panic entries and protects you from reversal traps commonly seen after liquidations.
#BTCVSGOLD #CPIWatch #WriteToEarnUpgrade #BinanceBlockchainWeek
