On March 3, 2025, a significant short position worth $80,040 was liquidated on Bybit at an Ethereum (ETH) price of $2,821. This event highlights the bullish momentum in Ethereum's market.
Current Market Overview
Key Trading Levels
Buy Zone (Entry Points):
Aggressive Entry: $2,200 - $2,300
Conservative Entry: $2,000 - $2,100
Deep Correction Entry: $1,800 - $1,900
Target Levels (Take Profit):
First Target: $2,500
Second Target: $2,700
Third Target: $2,900
Stop-Loss (Risk Management):
Short-Term Stop-Loss: Below $2,050
Conservative Stop-Loss: Below $1,900
Deep Stop-Loss: Below $1,800
Market Sentiment & Strategy
Bullish Indicators:
The liquidation of a substantial short position suggests strong upward momentum.
Analysts predict that Ethereum could reach new highs in the coming year, driven by increased mainstream adoption and institutional investment.
Bearish Risks:
A decline in Bitcoin's price could lead to a broader market correction, affecting Ethereum.
If Ethereum loses support at $2,000, it might retest lower levels.