⥠ETH SHORTS JUST GOT CRUSHED!
đą $114K Short Liquidated at $2,696.54
Ethereum is pressing into the $2,700 psychological zone, and this liquidation is another sign that late short positions are getting squeezed.
đ Key Levels to Watch
âą $2,696.54 â liquidation trigger
âą $2,700 â immediate breakout barrier
âą $2,753 â notable short-liquidation cluster
âą $2,785 â major modeled short-liquidity zone
âą $2,630 â first major downside liquidation area
đ MY MARKET READ
ETH is currently around $2,694, with today's range pressing the upper end near $2,696.
If bulls secure a clean 1H close above $2,700, Iâd watch for a continuation toward:
đŻ $2,730 â $2,753 â $2,785
The $2,753 area is especially interesting because modeled liquidation data shows a sizable concentration of shorts there. A sustained move through that zone could trigger another wave of forced buying.
â ïž Invalidation: A rejection from $2,700 followed by weakness below $2,680 would weaken the bullish setup and could expose $2,650â$2,630.
đ„ Bias: BULLISH above $2,700
đŻ Breakout confirmation > blind entry
đĄïž Use controlled leverage & protect capital
ETH is approaching a decision point â either shorts become fuel for the next leg up, or $2.7K sends price back into consolidation.
Market view, not financial advice.
#SECHaltsCryptoETFReviewsAmidFundingLapse #GreekPoliceBustCryptoScamRingArrest17 #FedOctoberRateHikeOddsFallTo17% #NvidiaHitsRecordHighUp2.4% #CanaryFilesAmendedS1ForPEPEETF
đą $114K Short Liquidated at $2,696.54
Ethereum is pressing into the $2,700 psychological zone, and this liquidation is another sign that late short positions are getting squeezed.
đ Key Levels to Watch
âą $2,696.54 â liquidation trigger
âą $2,700 â immediate breakout barrier
âą $2,753 â notable short-liquidation cluster
âą $2,785 â major modeled short-liquidity zone
âą $2,630 â first major downside liquidation area
đ MY MARKET READ
ETH is currently around $2,694, with today's range pressing the upper end near $2,696.
If bulls secure a clean 1H close above $2,700, Iâd watch for a continuation toward:
đŻ $2,730 â $2,753 â $2,785
The $2,753 area is especially interesting because modeled liquidation data shows a sizable concentration of shorts there. A sustained move through that zone could trigger another wave of forced buying.
â ïž Invalidation: A rejection from $2,700 followed by weakness below $2,680 would weaken the bullish setup and could expose $2,650â$2,630.
đ„ Bias: BULLISH above $2,700
đŻ Breakout confirmation > blind entry
đĄïž Use controlled leverage & protect capital
ETH is approaching a decision point â either shorts become fuel for the next leg up, or $2.7K sends price back into consolidation.
Market view, not financial advice.
#SECHaltsCryptoETFReviewsAmidFundingLapse #GreekPoliceBustCryptoScamRingArrest17 #FedOctoberRateHikeOddsFallTo17% #NvidiaHitsRecordHighUp2.4% #CanaryFilesAmendedS1ForPEPEETF