$ETH Shorts Squeezed Out!
A massive $50.5K short position on $ETH was liquidated at $3423.23, signaling strong bullish momentum. The shorts got trapped, and the market has surged higher, with potential for more upside.
Key Insights:
Short Squeeze: This liquidation suggests increased buying pressure, which could propel $ETH to new highs.
Volume Surge: Keep an eye on volume; a continuation of strong buy volume could push eth even higher.
ETH Technical Breakdown:
Resistance Level: $3450
Support Zone: $3400
Momentum: Bullish, with continued upward potential
With the shorts squeezed out, will eth break through $3500, or is a pullback near? Watch for signals that confirm the next move!