⚡ ETH JUST PUNCHED THROUGH THE SHORTS!

🟢 Short Liquidated: $172K
📍 Liquidation Price: $2,721.52

That’s a meaningful squeeze at a critical level — and ETH is now sitting directly beneath a key technical hurdle.

🧨 THE SETUP

ETH is trading around the $2.71K–$2.72K area, with the nearest major resistance around $2,732. The broader daily structure remains bullish, while $2,678 is currently the key support to defend.

🚀 BULL CASE

A clean break above $2,732 could turn this short liquidation into fuel for another upside push.

🎯 Targets to watch:
➡️ $2,768
➡️ $2,811
➡️ $2,887

There is also modeled short exposure clustered around $2,785, which could become an additional squeeze zone if ETH accelerates higher.

⚠️ DON'T IGNORE THE FLIP SIDE

If ETH gets rejected near $2,730 and loses $2,678, the bullish momentum could cool quickly.

📉 Downside checkpoints:
$2,678 → $2,651 → $2,621

🎯 MY TRADING BIAS

🟢 Bullish above $2,732
🟡 Range-bound below resistance
🔴 Caution below $2,678

My preferred approach: wait for confirmation instead of chasing the liquidation spike. A breakout + hold above $2,732 would give the bulls a much cleaner setup.

🔥 $172K SHORTS JUST GOT FLUSHED. NOW THE REAL QUESTION IS WHETHER ETH CAN TURN $2.73K INTO A LAUNCHPAD FOR $2.8K+.

Watch the level. Respect the volatility. Let price confirm the trade.

Market commentary only — not financial advice.

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