Short Liquidation Alert: $93.7K Wiped Out at $3,321.87 on $ETH !
Ethereum bulls took control, pushing prices higher and triggering a massive short liquidation. This suggests strong buying pressure and growing bullish momentum above $3,300.
What It Means:
1. Market Sentiment: Buyers are overpowering sellers, indicating confidence in $ETH ’s near-term upside.
2. Key Levels: Breaking $3,300 shows strength, with the next target around $3,400-$3,450.
Next Move:
1. Short-Term Strategy: Consider riding the trend if $ETH holds above $3,300.
2. Watch Resistance: $3,400 could be a pivotal point. A break above it might signal further gains.
3. Caution: Be mindful of overbought conditions; corrections can follow rapid spikes.
ETH is showing strength—play it smart!
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