$ETH A massive $50.3K in short positions just got liquidated at $3,323.44, signaling intense market volatility. This sharp move suggests that bears were caught off guard, fueling a rapid price surge as shorts were forced to cover.
What’s Next for ETH?
The liquidation spike hints at strong bullish momentum building up. If ETH holds above the $3,320 level, we could see a breakout towards the next resistance around $3,400-$3,450. However, if the bulls lose steam, a retest of support near $3,280 is possible.
Our Take:
Aggressive Traders: Watch for a bullish continuation with tight stop-losses below $3,300.
Cautious Approach: Wait for confirmation of support holding before entering fresh longs.
Stay sharp—volatility is your best friend if you know how to ride it!
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