$ETH Short Liquidation Alert: A significant $1.981K short liquidation occurred at $3290.74, signaling a powerful move against bearish positions. This price action indicates bullish momentum and could be a sign of further upside potential for Ethereum.
Key Points to Watch:
Liquidation Value: $1.981K
Liquidation Price: $3290.74
Market Insight: The sudden liquidation of short positions shows strong buying interest at this price level, which may push ETH to higher targets. Watch for momentum shifts that could lead to new price discoveries.
馃攳 Potential Strategy: Monitor key resistance levels around $3350 and $3400. If ETH continues to hold above $3290, consider long positions with clear stop-loss placements to capture further gains. Keep an eye on market sentiment to anticipate any signs of exhaustion.