Liquidated Bears! $2.43K in Short Positions Liquidated at $1,980.26 – Is a Bull Rally Brewing?
The Ethereum market has just witnessed another short squeeze, liquidating short positions worth $2,437.7K at $1,980.26! Traders betting
against $ETH were wiped out, fueling forced buybacks and pushing the price even higher.
With the momentum shifting, is this just the beginning of a major breakout?
What Just Happened?
Short sellers got caught, triggering a price increase.
ETH broke the resistance—will the bulls hold the rally?
High liquidations suggest greater volatility ahead!
Key Market Insights & What’s Next?
More short squeezes? If bearish positions continue to be liquidated, ETH could see another surge.
Whale movements? Watch for big players stepping in to push the trend further.
Profit-taking risk? If the bulls hesitate, there could be a correction on the horizon.
Trader’s Guide:
Monitor key resistance levels! A breakout could send $ETH to the moon.
Capitalize on momentum! Short squeezes often lead to explosive price actions.
Risk management is key! Don’t get caught in the next wave of liquidation.
Will ETH continue its ascent, or is this just a temporary squeeze? Leave your thoughts below!
