Massive Short Liquidation Hits $ETH $85K Wiped Out at $3,839.28!
The crypto market just witnessed another powerful move Ethereum ($ETH) has liquidated a $85,000 short position at $3,839.28, signaling strong bullish pressure and renewed confidence from buyers.
This liquidation means traders betting on a price drop were caught off guard as ETH pushed higher, triggering automatic closures of their short positions.
The momentum shows that bulls are back in control, and the market is heating up fast!
Market Insight:
Asset: Ethereum ($ETH)
Liquidation: $85,000 short position
Price Level: $3,839.28
Signal: Bullish breakout and growing buying strength
Trader’s Take:
When shorts start getting liquidated, it’s often a sign of strong market reversal or rally continuation. ETH could be gearing up for a push beyond key resistance levels, especially if trading volume stays high.
Stay sharp Ethereum’s next move could set the tone for the broader altcoin market!
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