🟢 $ETH Short Liquidation: $33.408K at $2441.0

🚀 Ethereum ($ETH) has seen a notable short liquidation of $33.4K, occurring at $2441.0. This price action indicates significant market volatility and could signal a potential bullish momentum shift.

Key Support Level: $2400

Key Resistance Level: $2500

🔍 Market Insight: Ethereum is currently facing strong support at $2400, with resistance lurking just above at $2500. A break above $2500 could lead to further gains, especially after this short squeeze. Watch for bullish continuation as buyers target $2550. However, if the price struggles to maintain above $2400, we may see a pullback to test the $2300 level.

Recommendation:

Buy Entry: Consider entering near $2400 or upon confirmation of a breakout above $2500.

Sell Entry: If Ethereum breaks $2300, a cautious exit could be advised, with a short-term target around $2250.

📊 Tip 1: Stay updated on liquidity trends to assess the strength of the market's current move.

📊 Tip 2: Monitor Ethereum's key resistance points at $2500 for signs of further upward momentum.

📊 Tip 3: Set tight stop-loss orders to manage risk in this volatile market.

Keep an eye on ETH and prepare for possible bullish action!

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