Massive $ETH Short Liquidation Hits $35.425K at $3,382.15!
In a dramatic market move, a staggering $35.425K worth of $ETH shorts were liquidated as Ethereum surged to $3,382.15.
This liquidation underscores the growing bullish momentum as ETH continues to climb, catching bearish traders off guard.
Key Takeaways:
1. Market Sentiment Shift: A clear shift in sentiment toward bullish as shorts get squeezed.
2. Critical Resistance Broken: $ETH breaking above $3,380 signals strong upward momentum.
3. Potential Rally Ahead: With shorts being liquidated, bulls might drive ETH further upward in the short term.
Suggested Next Move:
For Traders: Watch for pullbacks near $3,350 for potential long entries.
Tight stop-losses are essential in this volatile market.
For Holders: Maintain your positions but keep an eye on $3,400-$3,450 as the next resistance zone.
For Bears: Consider reducing exposure. Shorting into a strong rally might lead to more losses.
Stay sharp; the crypto market never sleeps!