$ETH Long Liquidation: $62.387K at $3200.5
Market Insights:
$ETH just triggered a heavy long liquidation of $62.387K, showing that leveraged buyers were stacked near $3200.5 and got wiped out as price dipped into a liquidity pocket. This is a classic long flush, usually happening when momentum slows and trapped longs are forced out.
This flush clears the path for a potential short-term stabilisation or relief bounce, but only if ETH can reclaim its immediate lost level. If not, expect another liquidity sweep below.
Next Move:
Watch how ETH behaves around $3188–$3200. If price reclaims and holds above, it may push upward to fill inefficiencies. Failure to hold opens doors to another downside liquidity hunt.
Targets:
TG1: $3224
TG2: $3251
TG3: $3290
Pro Tip:
Big long liquidations often mark temporary bottoms, but only when the level gets reclaimed. Don’t chase wait for structure confirmation before entering.
