$ETH Short Liquidation Breakdown
Liquidation Amount: $177,680
Liquidation Price: $3,397.54
A significant short liquidation has occurred, indicating heavy buying pressure that pushed the price higher.
This shows that the bulls are gaining control in the market.
What Could Happen Next?
• Bullish Scenario: If $ETH holds above $3,400, the next target could be $3,500 or even higher.
• Bearish Watch: A rejection near resistance levels might pull the price back to retest $3,300.
For long trades, wait for a breakout with strong volume above $3,400.
For short trades, look for signs of exhaustion and potential pullbacks.
Keep an eye on global market sentiment and ETH’s dominance for added clarity.
Stay ready—$ETH is heating up!
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