$ETH
Shorts Crushed!
A $26.7K short position on $ETH was liquidated as the price surged to $3378.49, showing powerful bullish momentum. The bears were caught off guard, and the bulls seized control, potentially setting the stage for more gains.
Key Takeaways:
Short Squeeze: Liquidations of this size suggest significant buying pressure, which could fuel further upside.
Volume Growth: Pay attention to rising volume, which could confirm a continued bullish trend toward higher price levels.
ETH Technical Overview:
Resistance Level: $3400
Support Zone: $3350
Momentum: Bullish, with strong potential for a breakout
Could $ETH maintain this momentum and push higher, or is the market about to cool off? Keep watching for signs of continuation!