ETH Short Liquidation Alert
๐ฅ ETH BEARS JUST GOT CAUGHT!
Ethereum has flushed another $53.5K in short positions at $2,673.57 โ adding fresh squeeze pressure around a level ETH has been repeatedly testing.
๐ข Short Liquidation: $53.5K
๐ฏ Liquidation Price: $2,673.57
โก Key Zone: $2,670โ$2,700
ETH is currently trading around the $2.66Kโ$2.67K area, while recent sessions have shown strong volatility between roughly $2,652 and $2,778.
๐ WHAT COMES NEXT?
If ETH protects $2,650โ$2,670 and pushes back above $2,700, the short squeeze could extend toward $2,740โ$2,780.
However, losing $2,650 with strong selling pressure would invalidate the immediate bullish setup and put lower support levels back in focus.
๐ฏ My trading view: ๐ข Cautiously bullish above $2,670, with $2,700 acting as the first confirmation level.
The liquidation is encouraging for buyers, but Iโd wait for follow-through rather than treating one squeeze as a guaranteed breakout.
โ ๏ธ Liquidation signals can change quickly. Protect capital and manage leverage carefully.
๐ ETH traders: keep $2,650 support and $2,700 resistance on watch.
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