🟢 ETH SHORTS ARE GETTING SQUEEZED ⚡
💥 $55.8K SHORT LIQUIDATED at $2,692.64
ETH just forced another wave of bearish positions out of the market. A short liquidation of this size may look small in isolation, but when it arrives near a breakout zone, it can add fuel to the next impulse.
📍 Key battlefield: $2,690–$2,700
🔥 Bullish trigger: Sustained acceptance above $2,700
🎯 Upside zones: $2,750 → $2,775–$2,825
ETH recently broke above the $2,661.52 September 11 resistance, and Reuters noted that the breakout could open the way toward higher levels, while also identifying $2,560–$2,565 as an important downside area.
🧠 My Market Read:
The liquidation favors the bullish side in the immediate structure, but I would not chase a vertical candle.
➡️ Hold above $2,690–$2,700: buyers could attempt another leg toward $2,750+.
➡️ Lose $2,660: momentum could cool and ETH may revisit lower support.
⚠️ Signal Desk: Watch the reaction after the short squeeze. If price holds the breakout instead of immediately giving it back, that would provide stronger confirmation for continuation.
🚀 Shorts are being forced out. Now watch whether fresh buyers step in.
Market commentary, not financial advice.
#BitwiseFilesFinalNEARSpotETFProspectus #DogecoinETFsPostBiggestWeekSinceLaunch #StrategyStriveAdd2305BitcoinThisWeek #TrumpRejectsIranHormuzReopening #CircleTetherFreezeBitgetHackerWallet
💥 $55.8K SHORT LIQUIDATED at $2,692.64
ETH just forced another wave of bearish positions out of the market. A short liquidation of this size may look small in isolation, but when it arrives near a breakout zone, it can add fuel to the next impulse.
📍 Key battlefield: $2,690–$2,700
🔥 Bullish trigger: Sustained acceptance above $2,700
🎯 Upside zones: $2,750 → $2,775–$2,825
ETH recently broke above the $2,661.52 September 11 resistance, and Reuters noted that the breakout could open the way toward higher levels, while also identifying $2,560–$2,565 as an important downside area.
🧠 My Market Read:
The liquidation favors the bullish side in the immediate structure, but I would not chase a vertical candle.
➡️ Hold above $2,690–$2,700: buyers could attempt another leg toward $2,750+.
➡️ Lose $2,660: momentum could cool and ETH may revisit lower support.
⚠️ Signal Desk: Watch the reaction after the short squeeze. If price holds the breakout instead of immediately giving it back, that would provide stronger confirmation for continuation.
🚀 Shorts are being forced out. Now watch whether fresh buyers step in.
Market commentary, not financial advice.
#BitwiseFilesFinalNEARSpotETFProspectus #DogecoinETFsPostBiggestWeekSinceLaunch #StrategyStriveAdd2305BitcoinThisWeek #TrumpRejectsIranHormuzReopening #CircleTetherFreezeBitgetHackerWallet