$ETH Ethereum is squeezing short sellers, but the $2,558–$2,588 zone is the next major test. ETH is trading around $2,450 after a strong rebound, with liquidation data showing substantial short exposure above the current price.
LiqFlow +1
Bias: LONG — on a confirmed breakout or pullback.
Entry: $2,445 – $2,465
TP1: $2,500
TP2: $2,558
TP3: $2,588
SL: $2,415
Confirmation: A sustained break above $2,470 strengthens the bullish setup. If ETH loses $2,415, reassess the trade.
The reported $518 million in short liquidations is a potential exposure estimate, not a guaranteed amount that will be liquidated. Avoid chasing a sharp pump.