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Just Shook the Bears!
A huge $22.737K short liquidation just exploded at $1621.19 – and that’s not something to ignore. This kind of move often shows that the market just wiped out weak hands, and a powerful bounce might be coming. This is where real opportunities are born!
What’s Next for Ethereum?
After a strong liquidation like this, many traders expect a reversal or a fresh uptrend. The market punished the short-sellers – now it might reward the patient bulls!
Buy Zone:
$1600 - $1630
This is the golden zone. Price may build strength here before the next move.
Target:
First Target (Quick Move): $1680
Second Target (Breakout Level): $1740
If ETH gains strong momentum, we could even see a rally to $1800+ soon.
Stop-Loss:
$1570
Place your stop-loss just under the last support zone. Stay safe and protect your capital.
Trade Smart Tip:
Watch the volume and RSI – if ETH starts pushing above $1650 with high volume, it’s a solid sign bulls are stepping in. Patience + strategy = profits.
Summary:
Big short liquidation = Bear trap
Strong potential reversal brewing
Buy zone is tight and sweet: $1600–$1630
Upside targets are attractive with solid risk-to-reward
#EthereumUpdate
#CryptoBreakout
#ETHNews
#CryptoSignals
#BullishETH
Let me know if you want a chart analysis or alert setup. I got your back!