$ETH just triggered a short-liquidation worth $1.635K at $2008.56, signaling a quick squeeze on traders betting against the market. When shorts get wiped, it often fuels short-term momentum as price pushes higher and forces more liquidations. This move suggests buyers briefly regained control near the $2K psychological level, a zone many traders watch closely.
Trade Setup Idea (Momentum Play):
EP (Entry Price): $2015 – enter after a confirmed hold above $2008
TP (Take Profit):
• TP1: $2050
• TP2: $2085
SL (Stop Loss): $1985
SL Entry Level Kay Sat: If price closes below $1985, the bullish setup becomes invalid.
Keep an eye on volume and overall crypto market sentiment. If liquidation clusters continue above, ETH could push for a stronger upside move. Manage risk carefully and avoid over-leveraging.
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