Ethereum Faces Potential Correction Amidst Market Liquidations

Analyst Ash Crypto warns of potential Ethereum price correction, highlighting ongoing market liquidations and anticipated long liquidation events. Key players are orchestrating short positions liquidation while strategizing for impending long position liquidations driven by FOMO (fear of missing out). To mitigate risks, traders are advised to avoid leverage trading during this volatile period. Ash Crypto predicts a potential break above $4,200 could trigger a short squeeze, potentially sending Ethereum prices towards the $4,400-$4,500 mark. Recent market behavior suggests a shift in strategy as traders anticipate liquidations and price corrections.