$ETH
Short Liquidation Alert: $5.4878K at $3,346.21!
Ethereum's bulls are on the offensive, forcing $5.4878K worth of short positions to liquidate at $3,346.21. This surge highlights renewed strength in #ETH, with buyers reclaiming key levels.
📊 Market Analysis:
Current Price: $3,346.21
Momentum: Strong bullish breakout, fueled by short liquidations and increased buying interest.
Volume: Surging, signaling robust participation from bulls.
Price Targets:
Upside Potential: If the momentum continues, a rally toward $3,400 is likely, with $3,500 being the next significant resistance.
Downside Risk: A pullback to $3,300 could happen if profit-taking sets in or if buyers lose momentum.
🔥 Trading Recommendations:
For Bulls: Ride the wave but secure gains with a stop-loss below $3,300. Watch for resistance near $3,400.
For Bears: Wait for overextension near $3,400 or $3,500 before attempting any re-entry.
Ethereum's energy is electric—don't miss this thrilling ride in #ETH!