$ETHFI Just Triggered Major Short Liquidations: $1.28K Wiped at $1.131
The bears just got crushed. ETHFI's sharp upward move liquidated over $1.28K worth of shorts around the $1.131 mark — a clear signal that momentum is shifting and buyers are stepping in with force.
Why This Matters:
This liquidation event isn't just a number — it's a psychological break. Shorts built up expecting more downside just got blindsided, and the squeeze could just be starting.
$ETHFI Technical Analysis
Buy Zone:
$1.105 to $1.125
This zone acted as a demand pocket where price aggressively reversed, triggering short liquidations. Any retrace into this range may offer a second chance to enter.
Target Zones:
Target 1: $1.185
Target 2: $1.248
Target 3: $1.315
These levels align with recent volume gaps and fib-based resistance clusters. If bulls hold momentum, each target unlocks more upside pressure on trapped bears.
Stop-Loss:
Below $1.082
A clean break below this invalidates the bullish thesis and suggests the move was a trap.
The Setup:
Shorts liquidated = fuel for upside
Reversal from demand zone = confirmation
Target zones = layered exits for smart profits
Conclusion:
$ETHFI just flipped the script. With liquidity flushed and a strong reversal in place, this could be the beginning of a major move. Watch the $1.105–$1.125 zone closely. Bulls are in control — for now.