Ethereum Blasts Through $1,702 – $10.9K Shorts Liquidated! Bulls Taking Over!
Ethereum ($ETH ) just made a power move – breaking through $1,702.72, causing $10,943 worth of short positions to be liquidated. That’s a clear signal: sellers are losing control, and buyers are stepping in with force.
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Market Overview:
ETH just shook the bears off. The short liquidation shows strength and confidence building in the market. If this momentum continues, a new rally might be starting.
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Buy Zone (Entry):
Look for entry around $1,680 – $1,700. If ETH pulls back here, it’s a good chance to jump in before another move up.
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Target Levels:
Short-Term Target: $1,740
Mid-Term Target: $1,780
Next Big Breakout Target: $1,820
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Stop Loss:
Set your stop-loss at $1,660 to protect your trade from any sudden drops.
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Why This Matters:
Shorts being liquidated at this level is not random – it means buyers are overpowering the sellers. This often leads to a price spike as confidence returns. Don’t FOMO. Wait for the retest or dip to enter smart.
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Risk Note:
Crypto trading is exciting, but always risky. Never invest more than you can afford to lose. Use stop-loss and stick to your plan.
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