Market Alert: $113K Short Liquidation on $ETH at $3,383.60!
Ethereum just saw significant action with a $113K short position liquidated at $3,383.60. The market appears to be showing strong bullish momentum, but what's next for traders?
Key Levels to Monitor:
Resistance: $3,420 – A breakout above this level could pave the way for a stronger uptrend.
Support: $3,350 – A dip to this level might attract buyers looking to enter the market.
Suggested Move:
Buyers: Look for sustained price action above $3,383.60. A clear break above $3,420 could signal a bullish continuation.
Sellers: Watch for rejection at $3,420 or a break below $3,350 to consider shorting opportunities.
Quick Tip: Use tight stop-losses and monitor volume spikes to confirm trends. $ETH price action could remain volatile, so stay sharp!
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