A massive $ETH short liquidation hit the market, with $12.654K wiped out at the $3,268.01 level.
The unexpected surge caught short traders off guard, triggering a rapid reversal and fueling intense volatility.
Entry Point: $3,268.01
Target: $3,500+ (bullish momentum anticipated)
Stop Loss: $3,150 (critical support zone)
As $ETH broke higher, the liquidation ignited a sharp rally, putting the squeeze on shorts.
With $ETH pushing toward fresh highs, the pressure is mounting.
Will the bulls maintain control, or will the momentum falter? The next moves will define the market's direction.