$ETH Short Liquidation Shock – Momentum is Building
Ethereum just printed a $42.7K short liquidation at 2350. This is not just a random spike. It shows that bears were aggressively positioned and got wiped out as price pushed higher.
When short liquidations happen, it usually means forced buying. That adds fuel to the upside and often starts a chain reaction. The size here suggests real pressure building beneath the market.
Market Insight
ETH is showing strength after absorbing sell pressure. This kind of move often signals continuation rather than reversal, especially if volume follows.
Next Move
If ETH holds above 2320–2340, momentum can continue upward. A reclaim and hold above 2360 could accelerate the move.
Targets
TG1: 2380
TG2: 2420
TG3: 2480
If price drops below 2300, then this move may cool off before continuation.
Pro Tip
Do not chase green candles after liquidation spikes. Wait for a pullback or consolidation. Smart money enters after the panic, not during it.
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