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📉 $ETH Longs Nuked – Heavy Liquidity Flush Hits
Ethereum just saw a huge $299K long liquidation at $3,119, confirming that over-leveraged bulls were aggressively wiped near a critical zone. This is a major liquidity event, not random noise — the market is actively resetting positions before the next real move.
Key Levels to Watch 👇
Support: $3,080 – $3,020
Major Support: $2,950
Resistance: $3,150 – $3,200
Major Resistance: $3,280
Targets 🎯
• If buyers defend support: $3,150 → $3,230
• If selling pressure continues: $3,020 → $2,950
Stoploss ⛔
• Longs: Below $2,930
• Shorts: Above $3,290
Market Insight 🧠
Large liquidations like this usually clean the board before direction resumes. If ETH stabilizes above $3,020 with volume absorption, a sharp rebound is possible. Lose that zone, and deeper downside opens fast.
Don’t chase the wick. Let ETH show its hand. 🔥