ETH is currently at a critical juncture.



Latest data shows that if Ethereum’s price falls below the $2,998 support level, the accumulated long positions on major centralized exchanges could face liquidations totaling $1.376 billion—a significant amount.

Conversely, if ETH can break through the $3,311 resistance level, the bears will be in trouble, with short liquidations expected to reach $1.317 billion.

The battle between bulls and bears in this range is quite intense, and both sides have plenty of "ammunition." Which direction will ETH break out of in the short term? Market sentiment and capital flows will be key.
ETH0.53%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
RetroHodler91vip
· 12-05 02:32
Damn, with this $1.3 billion liquidation scale, breaking through any support level will cause a bloodbath.
View OriginalReply0
JustHereForAirdropsvip
· 12-04 20:50
Damn, 1.3 billion in liquidations... This time there will really be blood.
View OriginalReply0
ChainMemeDealervip
· 12-04 20:47
Damn, $1.3 billion in liquidations—this move is really shaking things up.
View OriginalReply0
GasFeeVictimvip
· 12-04 20:24
The liquidations on both sides are so large, it feels like we’ll have to wait for market sentiment to calm down before we can see the direction clearly.
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)