$ETH Short Liquidation Update
Ethereum witnessed a short liquidation worth approximately $3.18K near the $2,961 level, as price action strengthened and buyers stepped in with conviction.
The move above the short pressure zone triggered multiple stop-losses, forcing rapid short closures.
Liquidity was absorbed smoothly, highlighting strong demand and buyer confidence at current levels.
Trade Plan
Entry (EP): $2,940
Take Profit (TP): $3,020
Stop Loss (SL): $2,900
Market Outlook:
$ETH is showing short-term bullish momentum after clearing weak short positions. Holding above the liquidation area keeps the probability tilted toward further upside.
That said, volatility remains high — proper risk management and patience are key.
#ETH #Ethereum #BinanceSquare #CryptoTrading #CPIWatch #BinanceAlphaAlert
