$ETH saw a dramatic short liquidation at $76.9K, triggered at a price of $3935.76.
Traders shorting ETH faced intense pressure as the price surged, leading to a massive unwinding.
The entry point for the short position was likely at a peak resistance level, where bears anticipated a price reversal.
However, $ETH soared past expectations, breaching key levels and triggering stop losses.
The liquidation occurred after aggressive buying pushed ETH to new highs, clearing the short sellers.
Entry Point: ETH Short Entry at resistance level near $3935.76
Target: Bearish expectation around $3600
Stop Loss: $ETH forced liquidation at $3935.76