🔹 $ETH Bulls Strike Hard!
A significant $99.4K short position has been liquidated at $3,561.11, signaling strong upward momentum.
This liquidation underscores the growing confidence of bulls, with bears failing to defend critical resistance levels.
Next Move Prediction of $ETH :
Bullish Outlook:
If ETH continues this rally, we could see a move toward $3,600, a key psychological barrier. Breaking this level could pave the way for a run to $3,650.
Bearish Risk:
If ETH fails to hold above $3,550, a pullback to $3,500 could be on the cards as bulls consolidate.
Suggestion:
Traders:
Look for a breakout above $3,570 with increasing volume for a safe entry. Use tight stop-losses below $3,540 to manage risk.
Investors:
Liquidations like this highlight strong buying interest—gradual accumulation around $3,500-$3,550 could be a solid strategy for long-term gains.
ETH is firing up the charts—stay alert for explosive moves!
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