$64.6K $ETH short liquidation at $3,472.96:
$ETH Liquidated Short: $64.6K at $3,472.96
Ethereum bulls strike back! A massive $64.6K short position on Ethereum was liquidated as the price surged to $3,472.96, catching bearish traders off guard.
Bullish Momentum: $ETH is showing strong upward movement, likely fueled by renewed buying pressure or major market catalysts.
Short Squeeze in Play: Liquidations of this size often trigger a cascade of buying, further pushing prices upward.
Key Insights:
This liquidation reflects growing confidence in Ethereum’s fundamentals, possibly linked to network upgrades, DeFi adoption, or broader crypto market recovery.
Keep an eye on $3,472.96—it could now act as a critical support level in the short term.
As the crypto market heats up, ETH could be gearing up for its next big move.