ETH Long Liquidation at $29.8K Highlights Upside Risks
I’m noting a recent ETH liquidation of a long position at around $29.8K with the entry price near $4,167.20. This signals reported liquidity drains on longs and potential near-term weakness as downside pressure materializes.
From my perspective, this suggests caution for bullish bets in the immediate term, with sellers showing resilience at key levels and longs facing forced closures that could fuel further pullbacks if buyers don’t step in.
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