🚨 $ETH H Short Liquidation Alert 🚨
A massive $57.4K short position has been liquidated at $3343.53,
signaling potential bullish momentum for Ethereum ($ETH ).
This event typically indicates that sellers were caught off guard as ETH surged past a key resistance level.
Key Levels to Watch:
Immediate Resistance: $3350-$3380
Support Zone: $3300-$3250
Next Target: If ETH holds above $3343, the next key zone could be $3450-$3500.
Trader’s Insight:
Bullish Scenario: A confirmed breakout above $3380 could spark more liquidations, driving ETH higher.
Bearish Risk: Failure to hold $3343 may lead to consolidation or a pullback to $3250.
Suggested Next Move:
Aggressive Traders: Look for long entries on dips near $3300 with tight stop-losses.
Cautious Traders: Wait for a breakout confirmation above $3380 before entering.
Keep your risk management in check; volatility could spike!
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