$ETH Short Liquidation: $144K at $3,335.25!

Ethereum (ETH) continues its bullish run, wiping out $144,000 worth of short positions as it breaks above a key level of $3,335.25.

This aggressive move signals strong demand and growing confidence in the market.

Highlights:

Liquidation Spike:

A sharp upward move forced short sellers to exit, fueling $ETH 's rally further.

Key Resistance Breached:

ETH decisively cleared $3,330, with $3,350 now acting as a crucial pivot.

Momentum Surge:

Trading volume has surged, reflecting heightened interest and potential whale activity.

What’s Next for $ETH ?

1. Upside Potential:

If ETH sustains above $3,330, next targets are $3,375 and $3,400. A breakout above $3,400 could pave the way to $3,500.

2. Risk of Pullback:

A dip to $3,300-$3,310 could serve as a buying opportunity, with strong support likely holding near this range.

3. Macro Influences:

Broader market sentiment and BTC's performance remain key factors in ETH's trajectory.

Trading Suggestions:

For Bulls: Look for entries on pullbacks near $3,310, targeting $3,375-$3,400 with stops below $3,300.

For Bears: Watch for rejection near $3,375 or $3,400 for potential short setups, but proceed cautiously.

For Scalpers: Exploit ETH’s volatility within the $3,310-$3,375 range for quick trades.

Ethereum's impressive strength suggests further upside, but traders should prepare for potential volatility.

Stay focused and trade with precision!

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