Update:

$ETH Liquidation

A short position on Ethereum ($ETH ) valued at $130,000 was liquidated at a price of $3,730.00.

This suggests a strong bullish momentum, with buyers continuing to push ETH prices higher, leading to short squeezes in the market.

Next Move:

1. Monitor Price Action:

ETH breaking above $3,730 indicates potential for further upside. Watch key resistance levels at $3,800 and $4,000.

A pullback to $3,600-$3,650 could offer a re-entry point for long positions.

2. Market Sentiment Analysis:

Assess the broader market sentiment and on-chain data (e.g., whale activity, exchange flows).

Increased liquidations may fuel higher volatility, offering scalping or swing trading opportunities.

3. Risk Management:

Set stop-loss levels in case of unexpected corrections.

Diversify exposure, considering the high liquidation trend may suggest over-leveraged participants.

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