$ETH Ethereum Short Squeeze – $396K Liquidated at $2,843!

Ethereum just saw a massive short liquidation worth $396K at $2,843, putting pressure on bearish traders as the price pushes higher. This liquidation event signals that sellers were forced to close positions, potentially fueling further upside momentum.

Will ETH Extend Its Gains?

$ETH If bulls capitalize on this momentum, ETH could target the next resistance around $2,880–$2,920. A breakout beyond this zone might trigger a strong rally toward $3,000, drawing in more buyers.

However, if Ethereum struggles to maintain its current levels, a minor pullback toward $2,800–$2,820 could occur before the next significant move. Traders should monitor market structure closely to confirm whether this liquidation signals a sustained breakout or just a temporary shakeout.

Ethereum’s price action is heating up—will it continue its push higher, or will sellers attempt to regain control? Watch key levels closely for confirmation!

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