I’m telling everyone that $ETH at $3171.03 just squeezed a heavy block of shorts, and they are now paying the price for fading strength. I have tracked this level for days and my analysis shows this move is not random, it is a structural breakout from a tight range. This is why you need to respect momentum when liquidations flip from longs to shorts, because the market is clearly shifting control.
EP: $3145 – $3180
TP: $3250 / $3340 / $3480
SL: $3065
What’s condition right now is rising volume with strong closes above $3150, a sign that buyers are in charge. If you want a safer entry, wait for a shallow pullback and hold above $3140 before stepping in.