$ETH short liquidation of $14.94K at $3110.55 signals rising bullish pressure. Shorts are getting trapped, and liquidity is building above the current price, which often leads to upward continuation. Momentum candles show that volatility is increasing and a follow-through move is likely.
Next move and targets:
TG1: $3,145
TG2: $3,185
TG3: $3,240 (major breakout zone)
A small pullback is possible before the next push upward.
Pro tip When shorts get liquidated, price often moves higher. Don’t chase the breakout; wait for a clean retest for a safer entry.
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