SHORT LIQUIDATION ALERT! $ETH Breaks $1,876.76 – $50.6K WIPED OUT!

Ethereum just liquidated $50.6K in short positions at $1,876.76! This signals a strong upward move—but is this the start of a breakout, or just a short squeeze?

What Does This Short Liquidation Mean?

Trapped Bears Forced to Buy:

Short traders were betting on $ETH to drop, but the price pushed higher, forcing liquidations.

As short positions get closed, they automatically buy back $ETH, adding extra buying pressure.

Whale-Driven Pump?

Whales might have pushed $ETH higher to trigger stop-losses and liquidate shorts.

If they continue buying, we could see even more upside momentum.

Technical Breakout?

If ETH holds above $1,876, we could see a push toward $1,900+.

Key resistance: $1,890 – $1,910.

Key support: $1,860 – $1,850.

Bullish Market Shift?

A series of short liquidations can signal trend reversals or breakouts.

If bulls stay in control, ETH could keep climbing.

What’s Next for Ethereum?

✅ Potential Upside Continuation:

If ETH stays above $1,876, we could see a move toward $1,900+.

A volume surge would confirm strong bullish momentum.

Risk of a Fake Pump:

If ETH fails to hold $1,876, a drop back to $1,850 or lower is possible.

Weak volume could mean this is just a short squeeze, not a full breakout.

Trading Strategy – What Should You Do?

🔹 For Short-Term Traders:

Look for a breakout confirmation above $1,880 before entering long positions.

If ETH starts dipping, a quick pullback trade might be profitable.

🔹 For Long-Term Holders:

If you believe in ETH’s long-term growth, this bullish move could be a good sign.

Buying on dips or waiting for a clear breakout might be smart.

🔹 For Short Sellers:

Be cautious—liquidations mean bulls are gaining control.

If ETH keeps rising, it might be better to wait for a higher short entry.

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