$ETH Short Liquidation Frenzy.

Total Liquidations: $8,415.6K

Price Trigger: $3,396.36

Ethereum just delivered a jaw-dropping moment as $8.41 million worth of short positions were wiped out at the price level of $3,404.36.

The surge in price sent shockwaves through the market, catching bearish traders off guard and triggering a cascade of liquidations.

What Happened.

🔸 A sharp upward price movement pushed ETH beyond resistance levels, forcing short traders to cover their positions.

🔸 This liquidation spike suggests a heavy accumulation of short positions near this price point, setting up a perfect short squeeze.

Key Levels to Watch:

Support: $3,300 - $3,350

Resistance: $3,450 - $3,500

What’s Next

If the momentum continues, $ETH could test higher resistance zones and even rally toward $3,600. However, traders should brace for potential pullbacks near the $3,300 mark.

🎯MTrading Tip: Use tight stop-loss levels and monitor volume spikes to catch the next big move.

Market Sentiment:

Bulls are regaining control, but cautious optimism is advised as short-term corrections may still occur.

Are you ready for the next $ETH breakout

#ETH/USDT #BinanceAlphaAlert #BTCXmasOrDip? #SolvProtocolMegadrop #BTCMiningPeak