$ETH Liquidated Short: $56K at $3733.96
Market Analysis:
Ethereum (ETH) has experienced a significant surge, with $56K worth of short liquidations occurring at $3733.96.
This indicates strong buying pressure, with short sellers being forced to cover their positions as the price continues to rise.
This move suggests that the bullish momentum for $ETH is gaining traction.
Next Steps:
If ETH can maintain its position above $3730, it may target $3800 next.
A potential support zone exists around $3700, providing a safety net for those looking to enter on pullbacks.
Strategy:
Stay alert for confirmation of continuation above $3730.
If ETH holds above this level, it could continue to climb.
Conversely, a drop below $3700 could signal a temporary consolidation phase, offering a re-entry point.
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