$ETH has just liquidated a short position worth $62K at a price of $3,646.46, creating significant market excitement.
This could lead to some thrilling price moves in the near term.
Key Details About $ETH:
Current Price: $3,646.46
Market Sentiment: Bullish after the short liquidation, as the market could now shift toward buying pressure.
Volume: Increased volume indicates strong interest and potential for continued upward movement.
Possible Uptrend: The liquidation of the short position could trigger a rally as traders move to long positions.
Watch for Corrections: After a potential rise, there could be short-term pullbacks, so keep an eye on support levels.
Support and Resistance:
Support Level: $3,500 - $3,600
Resistance Level: $3,800 - $4,000
Buy or Sell:
Buy: If $ETH holds above support and continues to show strength, consider buying as it may rise toward resistance.
Sell: If $ETH hits resistance and starts to pull back, it may be a good time to sell before it drops.