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$ETH $2225 deep V-wick! Liquidation carnage or a golden buying opportunity?
ETH took a terrifying dive around noon today, wicking straight down to $2225 before making a V-shaped reversal and bouncing back above $2290.
The sharp drop was mainly triggered by a cascade of long liquidations in the key $2220–$2230 support zone. A $5.03 million long position on BN was instantly wiped out at $2231, while total long liquidations across the market reached $44.2 million in 24 hours.
However, selling volume did not continue to expand. Sentiment catalysts, including Vitalik’s opening remarks at Devcon 8 and Citi bucking the trend by raising its ETH price target to $3028, quickly drew in dip buyers to provide support. The $2220–$2260 range showed clear buying support.
Did that wick make you nervous or eager to buy? Did you catch the bottom at $2225? @老张说趋势
#Gate上线台股交易 #民主党赢得美国两院 $BTC