Big Move Alert: $ETH Shorts Liquidated!
A massive $50.3K short position was just liquidated at $3442.03, signaling strong bullish momentum. Traders are stepping in aggressively, pushing prices higher.
Key Levels to Watch:
Resistance: $3500 – This is the immediate hurdle. A breakout above could open doors to $3600+.
Support: $3400 – If prices dip, expect strong buying interest here. Below that, $3350 is the next key level to hold.
Next Move:
If price breaks$ETH $3500: Consider buying, targeting $3600 and beyond.
If price fails to break $3500: Wait for a pullback to $3400–$3350 before entering a long position.
Caution: Avoid shorts unless decisively falls below $3350, signaling a trend reversal.
Momentum is favoring bulls, but watch for confirmation before entering big positions. Stay disciplined!