$ETH Shorts Liquidated!
A $12.51K short position on $ETH was liquidated at $3337.8, signaling renewed bullish momentum. This short liquidation indicates that buyers are regaining control, potentially setting the stage for a price recovery.
Key Observations:
Bullish Momentum: The liquidation reflects growing buying pressure as $ETH rebounds from previous lows.
Upside Potential: Sustained momentum could drive the price toward critical resistance levels.
ETH Technical Overview:
Resistance Level: $3400
Support Zone: $3300
Momentum: Bullish, with potential for continued gains if buyers hold strength
Will eth capitalize on this short squeeze and push higher, or will resistance stall the rally? Monitor price action and volume for further clues!