BOOM! Short Squeeze Incoming?
$1.4456K $ETH Shorts Liquidated at $2429.23
The bears just got rekt as $ETH shoots up, slicing through resistance like butter! This kind of liquidation heat signals a potential explosive breakout!
Chart Analysis:
Buy Zone:
$2410 – $2440
(Accumulation zone right above the liquidation wick – watch for strong volume confirmation)
Targets:
Target 1: $2525 (First breakout level from Feb resistance)
Target 2: $2640 (Next psychological resistance and order block)
Target 3: $2770 (Full breakout if bulls dominate)
Stop-Loss:
$2375
(Just under key support – invalidate setup if broken with volume)
Why this setup is HOT:
Short liquidation = trapped bears = rocket fuel for bulls
Breakout from consolidation pattern
ETH forming higher lows on 4H chart = bullish structure intact
Warning: This is not financial advice – always DYOR. But $ETH looks ready to pop. Stay sharp. Volatility ahead!
