Ethereum Price Critical Level Analysis
The crypto market enters another critical price sensitive period. According to recent monitoring data, Ethereum's price movement is facing important technical level tests. If it breaks below the $3,138 psychological threshold, it will trigger over $1.1 billion in long liquidations across major exchanges.
Bull-Bear Battle Intensifies
Market analysts note the current price structure shows fierce competition between bulls and bears near key support levels. Notably, the $3,447 resistance level also has significant short positions accumulation, which could create reverse liquidation storms if breached.
Market Warning Mechanism
Professional traders suggest:
- Monitor the $3,138 key support level breakthrough signals
- Watch volume changes near $3,447 resistance area
- Implement dynamic stop-loss strategies in advance
- Avoid excessive leveraged operations near key levels
This massive liquidation risk highlights the importance of risk management in crypto trading. Investors are advised to use batch position-building strategies while monitoring market sentiment indicators, avoiding extreme speculation during volatile periods.