$ETH Market Update

Liquidation Alert:

$217K in short positions were liquidated at $2701.62, indicating strong buying pressure and a potential continuation of bullish momentum.

Market Overview:

$ETH has seen a surge in buying activity after the liquidation of short positions. If this momentum continues, ETH could push towards higher resistance levels. However, if buyers lose strength, a pullback to key support levels is possible.

Key Levels to Watch:

Resistance: $2750 – $2780 (A breakout above this zone could drive further upside)
Support: $2650 – $2600 (Holding this level is crucial for sustained bullish momentum)

Trade Strategy:

Buy Zone: $2650 – $2705 (If price stabilizes above support and confirms bullish strength)
Sell Zone: $2750 – $2780 (If price struggles to break higher and shows signs of rejection)
Target: $2800+ (If ETH gains momentum and breaks key resistance levels)

Market Sentiment:

$ETH is showing bullish signs following short liquidations. A break above resistance could fuel further gains, while a failure to hold above $2650 may lead to a correction.

Monitor price action closely and adjust your strategy accordingly.

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