$ETH Just Triggered a Massive Short Liquidation โ What's Next? #MarketPullback
๐๏ธ buy and trade here ๐
Entry Analysis (Long Bias):
Buy Zone: $2430 to $2465
Ideal accumulation area if price retests for a healthy bounce. This is the zone where liquidation forced positions to close, indicating strong buyer interest.
Target 1: $2518
First resistance from previous minor high, a likely point for partial booking.
Target 2: $2580
Strong resistance zone where bears may try to take control again.
Target 3: $2645
If momentum continues, this could be the bullish breakout confirmation level.
Stop Loss:
Stop-Loss: $2395
A break below this level could invalidate the short squeeze momentum, indicating weakness and a potential return to bearish control.
A sharp move in $ETH caused a short liquidation worth $5.3951K at the $2460.88 level. This price action indicates that sellers were caught off-guard, hinting at a potential bullish reversal or aggressive volatility ahead.
Market Pulse Analysis:
Key Liquidation Level:
$2460.88 โ This level now acts as a short-term support zone, where short-sellers were forced to exit, providing fresh bullish momentum.
Summary:
The liquidation at $2460.88 has opened the door for bulls. Price is now in a transition zone, and if it holds above the buy zone, we may witness a strong push towards the $2580โ$2645 levels. However, a failure to sustain above $2395 could flip the structure bearish again. Stay sharp and watch the volume.