Major Liquidation Alert: $162K $ETH Short Wiped Out at $3,335.85!
A massive $162,000 short position on Ethereum (ETH) has been liquidated at $3,335.85, as the market saw a surge in bullish momentum.
This substantial liquidation reflects the strength of Ethereum’s upward trajectory, with buyers decisively overpowering bearish sentiment at a key resistance level.
Key Breakdown:
Liquidation Size: $162,000
Liquidation Price: $3,335.85
Market Signal:
Strong upward movement driven by a short squeeze, fueling additional volatility and potential breakout momentum.
This event highlights the risks of shorting during periods of increased buying pressure.
With Ethereum breaking critical resistance levels, the liquidation could act as a catalyst for further gains, sparking renewed interest among bulls.
Trader Insight:
In volatile markets like $ETH proper risk management and careful leverage usage are crucial. Pay attention to key resistance and support zones to stay ahead of sudden price moves.
All eyes are now on the $3,400 level as $ETH builds momentum. Will bulls continue to dominate, or will bears regroup?
