Ethereum ($ETH) has just blasted past $4,200, wiping out over $200M in short positions in a single move. This massive liquidation wave signals intense bullish momentum — but it also comes with a warning.
Short squeezes often drive sharp, rapid price spikes, followed by equally fast pullbacks once the buying frenzy cools. While ETH’s strength is undeniable right now, chasing green candles at the peak can be risky.
📌 Key Levels to Watch
Resistance: $4,250 – $4,300
Support: $4,150 – $4,100
💡 Trader’s Take:
If you’re not already in, patience could pay off. Look for pullback entries rather than buying into the squeeze at full steam. Manage risk with tight stop-losses and be ready for volatility.
Will ETH keep squeezing shorts higher, or is a cooldown next? $ETH traders — what’s your move?
