🟢 $ETH Short Liquidation Alert!
The bears just took another hit!
A total of $17,733 in short positions were liquidated at $1,848.57 on Ethereum ($ETH).
This marks a continuation of bullish pressure, squeezing out leveraged shorts and clearing the path for potential upside.
What This Means:
$ETH Shorts are getting liquidated as price pushes higher—often a bullish indicator showing momentum is on the buyers’ side. This kind of move can trigger short-covering rallies, especially if resistance zones are broken.
Key Technical Levels:
Liquidation Level: $1,848.57
Immediate Resistance: $1,865 – $1,880
Support Zone: $1,830 – $1,845
Watch For: Breakout above $1,880 with volume
Market Outlook:
Momentum favors the bulls. If $ETH holds above $1,845, we could see a continuation toward the next resistance zone. Be cautious of fakeouts, but don’t ignore the strength behind this liquidation.
Pro Trading Insight:
These liquidation spikes often act as fuel for further price movement. Smart traders monitor these zones closely for potential breakouts or pullback entries.
Bullish energy rising.
