$ETH

Short Liquidation: $50.1K Wiped Out at $3,584 – Bulls in Command

Ethereum (ETH) surged to $3,584, liquidating a $50.1K short position as bullish momentum reignited. This event highlights the growing dominance of buyers, forcing shorts to close and fueling further price appreciation.

Key Highlights:

Breakout Zone: ETH smashed through the $3,550 resistance, signaling strong bullish sentiment.

Support and Resistance: Immediate support now lies at $3,550, with the next resistance zone at $3,600.

Market Dynamics: The liquidation underscores growing confidence in ETH’s upside potential, supported by positive market conditions.

Ethereum’s rally continues to build momentum, with traders eyeing a push beyond $3,600 as bulls maintain their grip on the market.

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