$ETH A significant short position on Bybit was liquidated, involving approximately $259,910 at an Ethereum (ETH) price of $2,748. This event indicates a strong upward movement in ETH's price causing short sellers to close their positions.
As of February 21 2025 ETH is trading at $2,732.49.
Buy Zone: Considering the current market trend, a potential buy zone could be between $2,700 and $2,750. This range offers a balance between potential upside and manageable risk.
Target: Short-term traders might aim for a target of $2,800 to $2,850, capitalizing on recent bullish momentum. Long-term investors could set higher targets, depending on broader market conditions and personal investment goals.
Stop Loss: To manage risk, consider placing a stop loss around $2,680. This level helps protect against unexpected downward movements.