$ETH ETH just triggered a liquidation event — around $64.7K in short positions got wiped at $1,964.29 😳
That move clearly shows an upside liquidity sweep, trapping sellers and forcing a quick short squeeze. This is exactly the kind of shift that signals momentum turning bullish, especially after breaking through key local resistance. Buyers stepped in aggressively from lower accumulation zones — and it shows.
Right now, I’m watching immediate resistance around $1,985. If momentum holds, the next major supply zone sits near $2,015.
On the downside, $1,945 is the key level holding things together. If that breaks, we could see price drift toward the $1,910 liquidity area.
Market structure is leaning bullish for now — but these levels will decide the next move.