$ETH Liquidated Short: $114K at $3582.88!
Breaking Update
A massive short position worth $114K was liquidated as #ETH hit $3,582.88.
This liquidation reveals bullish strength as Ethereum continues its upward momentum, squeezing out bearish traders.
Key Insights:
The $3,580 level now acts as a battleground, with bulls pushing higher.
Such a significant liquidation often hints at a potential price surge as market participants scramble to adjust.
What’s Next for $ETH ?
1. Bullish Outlook:
If ETH sustains above $3,580, it might target $3,620–$3,650 in the short term. Breaking those levels could bring $3,700 into play.
2. Bearish Outlook:
A pullback below $3,550 could lead to a dip toward $3,500, where buyers may look to re-enter.
Opinion:
ETH is showing strength, but the next 24 hours will be crucial. Watch for volume spikes to confirm direction.
If you're trading, ensure tight stop-losses – volatility is king right now!
What do you think? Is $3,700 the next stop?