$ETH Short Liquidation: $20,934K at $1,597.29
Buy Zone: $1,570 – $1,585
Targets: $1,620 / $1,645
Stop Loss: $1,552
Analysis:
$ETH just witnessed a massive short liquidation of over $20 million at $1,597. This sudden squeeze indicates strong bullish momentum building up. Sellers were caught off guard, and bulls are now in position to drive price higher. As long as ETH holds above $1,570, the trend favors a continuation toward higher resistance levels.
Watch for volume confirmation—if momentum continues, $1,620 and $1,645 are well within reach. However, break below $1,552 could invalidate this bullish setup, so risk management is key here.
Momentum is back—trade wisely and follow for more updates!
