$ETH Ethereum Shorts Crushed – Strong Bullish Momentum

A massive $603K short position was just liquidated at $2,723.17, signaling intense buying pressure. Bears attempted to drive the price lower but were overwhelmed, forcing liquidations that could fuel further upside.

If $ETH maintains support above $2,720, the next potential targets are $2,780–$2,800. A minor retracement could occur, but unless sellers regain control, the bullish structure remains intact.

Traders should watch for increased volatility as Ethereum approaches key resistance levels.

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