$ETH just triggered a major $83.7K short squeeze at 4,311, pushing bulls into control. Breaking 4,300 signals strong momentum; targets now 4,350–4,400. Watch volume & bullish candles on 15m/1h charts. Stay above 4,300 to keep the rally; below 4,270 could pause it.

$ETH /USDT sees a major short liquidation worth $83.7K at 4,311.00, signaling strong bullish momentum in the market. After defending crucial support levels, $ETH powered through resistance, forcing short sellers to exit their positions. The surge above the key 4,300 zone marks a potential turning point, with buyers now aiming for higher targets around 4,350 and 4,400. The 15m and 1h charts show increasing volume and bullish candles, suggesting sustained buying interest. If $ETH holds above 4,300, it could trigger further upside momentum, but a drop below 4,270 might cool the rally. Traders are eyeing this breakout closely as $ETH’s price action in this key zone could determine whether the bulls maintain control or the bears attempt a counterattack. This liquidation spike adds fuel to the upward pressure, making the next few sessions critical for short-term traders.