#ETHCrossed2500 $ETH Short Liquidation: $24.066K Crushed at $2486.42 – Are Bulls Ready to Charge?

A major $24.07K in short positions got liquidated at $2486.42, pointing to strong upward pressure as bears were forced out.

This could mark the beginning of a bullish continuation—if momentum holds.

📉 TRADE SETUP – Breakout Reload or Fake Pump?

• Entry Zone: $2475 – $2490 (watch for confirmation, not chase)

• 🎯 TP1: $2540

• 🎯 TP2: $2600

• 🎯 TP3: $2680

• 🛑 SL: Below $2430 (beneath key support zone)

Market Insight:

The $24K short squeeze suggests significant liquidation pressure was cleared, opening the door for a continued move up.

$ETH is testing key structure near $2500—a break and hold here on volume expansion could trigger momentum traders.

Pro Tip:

Wait for a 15-minute close above $2500 with strong volume or an H1 bullish engulfing above liquidation zone to confirm breakout potential.

$ETH just wiped $24K in shorts—if volume confirms, the next leg up might be building. Keep it on breakout watch