$ETH just crushed short positions worth $49.4K at $4656.10, sending shockwaves through the market! Bears betting against ETH are being forced out as momentum builds, fueling even more volatility.
📊 Key Levels to Watch:
Support: $4,580 – If ETH holds above this zone, bulls remain firmly in control. Stronger base lies at $4,500.
Resistance: $4,720 – Immediate ceiling to break. Beyond that, $4,850 comes into play as the next big challenge.$ETH
🎯 Next Target Insights:
If momentum continues, ETH could push toward $4,850 – $5,000, a psychological battleground where traders will fight hard.
A rejection could drag ETH back toward the $4,500 region for a retest before the next big leg.
🔥 The market is heating up—Ethereum’s next move could decide whether this is the start of a breakout rally or just the calm before a deeper correction.
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