⚡️$ETH Just Crushed the Shorts—Momentum is Exploding! ⚡️
A sharp $50.1K short liquidation at $2,529.11 just signaled what savvy traders already suspected: $ETH is back in breakout mode and bulls are taking control.
After consolidating below the $2,500 range, $ETH broke out with force, tagging intraday highs near $2,565 before pulling back slightly—only to absorb sell pressure with heavy buy volume. This wasn't random. The volume spike confirms demand is surging, and weak hands are getting wiped.
📊 Technical Structure:
Resistance: $2,580 — clean breakout zone with minimal overhead supply
Support: $2,480 - $2,510 (prior range highs acting as fresh demand)
Ideal Entry Zone: $2,510 - $2,525 on confirmation or wick reclaim
💹 Trade Setup:
Entry: $2,515 (with bullish structure confirmation)
Target 1: $2,580
Target 2: $2,670
Stop-Loss: Below $2,475 (break of intraday structure)
ETH’s structure has flipped bullish across mid timeframes. The liquidation flush was a launchpad, not a ceiling. With price now riding above key EMAs and momentum indicators flashing green, this is shaping into a textbook continuation play.