**#BinanceAlphaAlert**: **$ETH Shorts Obliterated—$1,932.5 Liquidated at $1597.89.**
Boom. The market just delivered a ruthless liquidation massacre, wiping out over $1.93K worth of shorts at exactly $1587.89. A major shift in momentum has crushed the bears.
**The Damage:**
- **Liquidated Shorts**: $1,932.5
- **Trigger Price**: $1597.89
- **Catalyst**: A volatility surge caught overleveraged shorts off guard, underestimating ETH’s relentless strength.
**Why It’s a Game-Changer:**
This wasn’t just a pullback—it’s a brutal squeeze, punishing those betting against ETH. Forced buys and panic closes decimated shorts in real-time. And this could be just the beginning.
**Key Levels to Watch:**
- **Immediate Resistance**: $1600 – A major psychological level.
- **Breakout Zone**: $1650 – If broken, ETH could skyrocket.
- **Support Test**: $1597.89 – Bulls need to defend this level to maintain momentum.
**What’s Next?**
If bulls can hold $1597.89, expect a potential rally to even higher levels. The liquidation cascade is only going to intensify buying pressure.
**In Summary:**
The bears took a gamble. The market executed them.
