Breaking: Massive ETH Short Liquidation at $3,616.62!
A huge $108,000 Ethereum short position just got liquidated as ETH surged past $3,616.62. This signals strong buying momentum in the market, forcing bearish traders to cover their positions.
What's Next for ETH?
1. Bullish Momentum: If ETH holds above $3,600, we could see it aiming for $3,800-$4,000 as the next target.
2. Watch Resistance Levels: Key resistance stands near $3,700. If broken, ETH could enter a stronger upward trend.
3. Pullback Possibility: If ETH fails to hold this level, a dip toward $3,500 support is possible.
Key Insights:
High Liquidations often indicate a trend reversal or continuation.
Trading Volume Surge supports the current rally.
Macro Trends like institutional interest could further fuel the move.
Stay sharp, stay updated—Ethereum might just be getting started!
