🚨 $ETH TH Short positions have been liquidated! 🚨
💥 $4,735,200 was wiped out at $2632.30!
🔥 Bears were destroyed as Ethereum soared higher, smashing through key resistance like a rocket. This sudden liquidation of short positions indicates massive momentum building - and we're just getting started.
🔍 Technical Analysis:
📍 Current price action: $ETH crushed the $2630 area, leading to stop loss hunts and liquidation. Momentum is now in favor of the bulls. Expect volatility.
🧠 Trade setup (based on recent market pulse)
✅ Buy zone:
$2580 – $2630
👉 The ideal range to accumulate on dips. If the price retests the liquidation area ($2630), it may turn into strong support.
🎯 Target areas:
TP1: $2725 — Local resistance
TP2: $2840 — Next breakout level
TP3: $2975 — Psychological + key technical resistance
🛑 Stop loss:
$2545
Below the 4-hour structure. If the price breaks below that, the bullish momentum may be invalidated.
Sentiment pulse:
Short positions have been liquidated, and the bulls are advancing.
Ethereum may be forming a base for a much larger explosion, especially if Bitcoin continues to be strong.
Watch for spikes in volume near $2725 - this will indicate the next phase.
📢 Final words:
"Markets don’t lie - liquidation reveals the truth."
With over $4.7M in short position liquidations, $ETH may be gearing up for a massive surge. Don’t get caught napping. Stay ALERT, stay smart
