Ethereum $ETH Short Liquidation Update
A notable $50,300 worth of shorts was liquidated at $3,263.54, showing intensified bullish strength. Buyers are driving ETH higher, pushing short sellers out of the market and creating opportunities for further upward movement.
Key Price Levels
• Resistance: $3,300 – Breaking this could trigger a strong rally toward $3,350.
• Support: $3,200 – Bulls are likely to defend this level in case of a pullback.
If ETH maintains its position above $3,260, it might test the $3,300 resistance soon.
However, a rejection at this level could lead to minor corrections before resuming its uptrend.
Trading Strategy
• Buy Entry: $3,250 - $3,265 (Target: $3,300, Stop Loss: $3,220)
• Sell Entry: $3,305 - $3,320 (Target: $3,260, Stop Loss: $3,330)
Watch for a high-volume breakout above $3,300 to confirm the bullish continuation. Keep tight stop-losses to manage risks effectively!
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