$ETH Bulls Strike Again: $128K Short Liquidated at $3,382.85!

Ethereum is on fire! A $128,000 short position just got wiped out as $ETH surged to $3,382.85, proving the bulls are firmly in control.

This event signals growing market strength and could spark a powerful upward trend.

What Happened?

1. Short Squeeze Breakdown:

The trader bet on $ETH’s price dropping, but the market had other plans.

As the price climbed past $3,382.85, the position was automatically liquidated, forcing additional buying pressure into the market.

2. Bulls in Command:

This liquidation highlights strong upward momentum, with buyers dominating the scene.

It could trigger a ripple effect, leading to more short squeezes as prices climb further.

Why It’s Important:

Bullish Momentum Building:

Large liquidations like this often indicate growing market confidence.

Volatility on the Rise:

Liquidations can lead to fast price swings, attracting more traders and increasing activity.

Key Resistance Tested:

$ETH is edging closer to breaking critical resistance levels, which could open the door to new highs.

What’s Next for ETH?

Resistance Levels: ETH must break above $3,400 to maintain its momentum. Beyond that, $3,500 is the next target.

Volume Watch: Increased trading volume could signal stronger bullish pressure.

Sentiment Shifts: Positive news or further liquidations could fuel this rally even more.

ETH’s upward momentum is undeniable. With bulls charging ahead, the question is: how far can Ethereum go?

Keep your eyes on the charts this could be the beginning of something big!

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