Market Surge:
$ETH Shorts Crushed at $3,859.48
Ethereum just flipped the market script ā $34.73K worth of Eth shorts were liquidated at $3,859.48, igniting a wave of bullish energy across the charts. Bears got trapped as price momentum accelerated, hinting at the potential start of another breakout phase.
This liquidation event is not random ā itās a liquidity squeeze that often fuels the next leg up. Smart traders are now watching for continuation signals above resistance.
Market Insights
Ethereum is showing renewed strength as it reclaims higher ground. The short liquidation indicates strong buyer pressure, forcing bears to exit their positions. With growing market confidence and rising activity around L2s and staking
$ETH could be entering another wave of upside expansion.
If it sustains above the key support zone, momentum traders may drive it toward the $3,900+ mark soon.
Key Levels
Support Zone: $3,820 ā $3,840 (buyers likely to defend)
Immediate Resistance: $3,880
Major Breakout Resistance: $3,950
Next Targets
If the bullish trend continues:
TG1: $3,880 (near-term resistance)
TG2: $3,950 (major breakout point)
TG3: $4,050+ (next bullish expansion zone)
Pro Tip for Traders
Short liquidations often trigger chain reactions in highly traded assets like ETH. Watch for a sustained close above $3,880 ā that could confirm the next bullish wave.
$ETH ereum just reminded the market: you canāt short strength for long.
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