$ETH Liquidated Short:

$564K at $3,827.77

A $564K short liquidation at $3,827.77

highlights strong bullish momentum, signaling a potential surge in Ethereum's price action.

Here’s what to anticipate next:

Next Moves & Key Levels

1. Immediate Resistance:

$3,850–$3,880 zone could act as a hurdle. A clean break above this level may pave the way for a run toward $3,920–$4,000.

2. Support Zones:

$3,800: Recent breakout level, likely to be retested.

$3,750–$3,770: Strong demand zone in case of a deeper pullback.

3. Bullish Continuation:

Sustained buying pressure above $3,827 could attract additional longs, potentially squeezing more shorts near $3,900.

Trading Strategy

Long Opportunity:

Enter on dips around $3,800–$3,810, targeting $3,920+.

Stop-loss: $3,750 to manage downside risk.

Short-Term Targets:

Breakout above $3,850: $3,920, $4,000

Consolidation near $3,800: Accumulation zone for a potential leg up.

Bearish Scenarios:

A break below $3,750 could see $ETH testing lower levels near $3,700.

Indicators to Watch

Volume Spike: High volume confirmation is crucial to validate further upside.

Open Interest: Monitor for new long positions to gauge market confidence.

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