Ethereum Strikes Back! $37.765K Liquidation Sparks a Bullish Surge 🚀

A massive $37,765 worth of $ETH short positions just got liquidated at $3,776.46! The bears are feeling the heat, and the bulls are charging forward. This liquidation could be the trigger for a major price breakout—are you ready for the action?

What’s Next for Ethereum ($ETH )?

Here’s a clear roadmap for your next move:

Buy Zone: Look for a dip to $3,700 - $3,750. This area offers a solid entry point if the bullish momentum stays strong.

Target 1: $3,850 – A key resistance level where profit-taking could occur.

Target 2: $4,000 – Breaking above $3,850 could lead ETH to test this psychological milestone.

Stop Loss: Place it at $3,650 to minimize your downside risk in case of unexpected reversals.

What’s Fueling This Move?

1. Short Liquidation Impact: When shorts are liquidated, forced buying occurs, driving prices higher.

2. Market Optimism: Ethereum’s growing utility and network upgrades continue to attract investors.

3. Key Resistance Break: Liquidations near $3,776 signal strong buying pressure, potentially flipping this into support.

Critical Level to Watch

Keep your eyes on $3,776.46. If ETH stays above this level with strong volume, it could set the stage for a sustained rally. A breakout above $3,850 would confirm the bulls are firmly in control.

Pro Tip: If ETH sees a surge in buying volume near $3,850, it's likely heading toward $4,000. Ride the wave but keep your risk managed!

Trade smart, stay focused, and let Ethereum’s bullish momentum lead you to your targets. The next move could be massive—are you ready?

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