$ETH #ETH Short Liquidation: $50.2K Wiped Out at $1,889.75!**
Bears just faced **heavy losses**, as **$50.2K in short positions** got **liquidated at $1,889.75**! This **short squeeze** is adding fuel to the bullish momentum, potentially setting up Ethereum for its next move.
📊 **Market Outlook:**
🔼 **Upside Break?** If ETH holds above **$1,890**, the next key resistance sits around **$1,905-$1,920**, where further liquidation clusters could trigger more upward movement.
🔽 **Fakeout Scenario?** A rejection at resistance could lead to a **pullback toward $1,875-$1,880**, where buyers may reload.
🎯 **Strategic Approach:**
- **Break above $1,895?** Bulls could drive ETH toward $1,920+.
- **Struggle to maintain momentum?** A retest of lower levels may come first.
Volatility is picking up—**trade wisely!**