$ETH – Long Liquidation Alert
Liquidation Size: $1.8798K
Price at Liquidation: $3321.21
Market Insights: Ethereum continues to struggle to hold key support around $3330. The liquidation indicates long positions were heavily exposed here, suggesting bearish sentiment may dominate in the short term. ETH is testing a critical support range; any break below $3300 could trigger further liquidations.
Next Move: ETH might consolidate between $3300-$3350 before choosing a clear direction. Watch for volume spikes near $3300 – they will indicate whether bulls can defend or if bears take control.
Targets:
TG1: $3280 – immediate downside target
TG2: $3250 – next support level
TG3: $3200 – major bearish zone if support fails
Trading Note: Longs should be cautious. Consider waiting for confirmation of support before entering. Shorts can be targeted on a breakdown below $3300.
