Market Alert: $ETH Short Liquidation Hits $28.627K at $3,340
The Ethereum market witnessed a significant move as $28.627K in short positions were liquidated at the $3,340 price level.
This liquidation indicates strong upward momentum, likely driven by aggressive buying pressure or key market catalysts.
Key Details:
Liquidation Amount: $28.627K
Price Level: $3,340
Market Sentiment: Bullish momentum pushing shorts to exit positions.
Suggested Next Move:
1. For Long Positions: Enter cautiously above $3,345, aiming for the $3,400–$3,450 range as the next resistance zone.
2. For Short Positions: Wait for confirmation of a rejection near $3,360 or $3,400 before re-entering.
3. Stop Loss Placement:
Long: $3,315 (to protect against sudden dips).
Short: $3,375 (to avoid excessive risk in case of further upside).
The recent liquidation spike reflects increased volatility.$ETH
Be vigilant, monitor key levels, and adjust positions based on market trends.