$ETH
Short Liquidation Alert!
A massive $5.7965K short liquidation occurred at a price of $3409.73! This sudden liquidation highlights the volatility of Ethereum in the current market.
Key Event: The short squeeze triggered a major cascade, sending Ethereum prices to new levels.
Momentum: Watch out for more liquidations as the market continues to react.
Risk: Short sellers are feeling the pressure, and if this trend continues, we might see more volatility and higher liquidations.
Target Levels:
Immediate Resistance: $3409.73
Potential Upside: If the momentum continues, ETH could push toward $3500 in the short term.
Risk Management:
If you’re thinking of entering a trade, consider setting tight stop-losses and keep an eye on market movements.