$ETH Short Liquidation Alert!
A massive $20.61K liquidation just hit at $3,153.36, signaling a squeeze on short positions!
This surge showcases bullish momentum, with shorts forced to cover as ETH powers higher.
What does this mean?
Short Squeeze Mechanics: Liquidated shorts fuel upward pressure as stop-losses trigger market buys.
Momentum Building: Such liquidations often act as springboards for further price acceleration.
💡 Key Levels to Watch:
If ETH holds above $3,153, bulls could aim for new highs.
A pullback below this level might signal exhaustion, but the liquidation zone now acts as a key support.
Is this the start of ETH's next breakout, or will bears regroup? Let’s discuss!
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