📊 $ETH RALLY OR TRAP? Bears just got torched! 🔥
Over $255M in $ETH short positions got liquidated within 24 hours. On Sept 11, ETH jumped 8.3% in a single move to touch $2,600 — no upgrade, no ETF news, just leveraged shorts getting forced out.
But the story doesn't end there. Price has since slipped back below $2,500. Some analysts think this could be a liquidity hunt — a trap being set for both bulls and bears in the $2,530–2,550 zone.
🔑 Key levels:
• Resistance: $2,550 (rejected 3 times, still not broken)
• Bullish target: $2,800 (on a wedge breakout)
• Bearish risk: ~$2,100–2,160 (200-day EMA)
Do you think ETH breaks out to $2,800 from here, or is this just another bull trap? 👇 Drop your take in the comments.
#EtherRalliesAsBearishBetsLiquidate #ETH #Binance
Over $255M in $ETH short positions got liquidated within 24 hours. On Sept 11, ETH jumped 8.3% in a single move to touch $2,600 — no upgrade, no ETF news, just leveraged shorts getting forced out.
But the story doesn't end there. Price has since slipped back below $2,500. Some analysts think this could be a liquidity hunt — a trap being set for both bulls and bears in the $2,530–2,550 zone.
🔑 Key levels:
• Resistance: $2,550 (rejected 3 times, still not broken)
• Bullish target: $2,800 (on a wedge breakout)
• Bearish risk: ~$2,100–2,160 (200-day EMA)
Do you think ETH breaks out to $2,800 from here, or is this just another bull trap? 👇 Drop your take in the comments.
#EtherRalliesAsBearishBetsLiquidate #ETH #Binance
