Bullish Blast: $ETH Shorts Liquidated at $3,226.0!
Ethereum bulls flexed their strength as $6,510.1 worth of ETH short positions were liquidated at $3,226.0, sparking excitement in the market.
What Sparked the Liquidation?
1. Bullish Momentum: A strong upward surge pushed prices past key resistance, catching bears off guard.
2. Short Squeeze: Forced liquidations added fuel to the rally, propelling ETH higher.
Key Levels for ETH
Support Zone: Watch for $3,200 as the new support to sustain bullish momentum.
Resistance Zone: A break above $3,300 could ignite another leg upward.
Market Sentiment
With short sellers retreating, ETH could see continued upward movement. Will the bulls seize this opportunity for a breakout, or will the bears regroup? Keep a close eye—momentum is on the rise!