$ETH Short Liquidation: $1.4842K Wiped at $2708.48 – Momentum Brewing Above $2700?
A fresh $1.4842K short liquidation hit at $2708.48, showing that bears are getting squeezed just above a key psychological level.
This could set the stage for a momentum continuation if bulls defend the breakout zone.
📉 TRADE SETUP – Riding the Squeeze?
• Entry Zone: $2700 – $2715 (watch for consolidation or a clean breakout)
• 🎯 TP1: $2760
• 🎯 TP2: $2820
• 🎯 TP3: $2890
• 🛑 SL: Below $2665 (under last breakout base)
Market Insight:
Liquidation above $2700 is a strong signal that shorts were pressing a key resistance—and got punished.
If bulls hold above $2715, a push toward $2800+ could materialize quickly.
Pro Tip:
Look for a 15m or 1h candle close above $2725 with expanding volume to confirm strength.
A clean breakout with momentum could invite a wave of long-side interest.
$ETH just liquidated $1.48K in shorts near $2708—if bulls hold the zone, this could fuel the next rally leg.