Massive Liquidation Alert: $ETHFI Shorts Wrecked!
$3,067.7K short liquidations just triggered at $1.315
Looks like bears got trapped in the ETHFI jungle!
Now the real question is:
Are we about to witness a breakout rally, or is this a bull trap?
Let’s dive into the technical breakdown:
TECHNICAL ANALYSIS – $ETHFI /USDT
Buy Zone:
$1.260 – $1.295
Ideal accumulation zone if price retraces. Strong demand, backed by high volume rejections in this range.
Support:
$1.260 (Major Support Zone)
$1.215 (Emergency Cut-off)
Resistance Levels / Target Zones:
TP1: $1.375 (recent local high – first push)
TP2: $1.425 (Fibonacci breakout zone)
TP3: $1.495 – $1.520 (If momentum sustains)
Stop Loss:
Below $1.210 to protect capital in case of fakeout. Always use SL!
Market Sentiment:
With such a huge short squeeze, momentum is shifting bullish. If $ETHFI stays above $1.295 and holds the breakout zone, the path to $1.42+ opens wide. Watch for a clean retest.
Final Words:
Shorts just paid the price. Bulls are in control… for now.
Are you ready for the next wave?