$ETH Short Liquidation: $9.7262K at $3404.33
A $9.72K short liquidation at $3404.33 shows sellers failed to push the price lower from a key resistance, forcing trapped shorts to exit at a loss. This liquidation boosts buy-side pressure and converts the breakout area into a support zone, as trapped traders may later buy on dips to close bearish positions.
Next Move
Holding above $3389–$3412 keeps sellers trapped and supports a continuation to the upside as short positions unwind on every retest.
Targets Bullish Continuation
TG1: $3435
TG2: $3468
TG3: $3506
Pro Tip
Do not chase the breakout candle. Wait for a retest into $3389–$3412 and enter only if buyers defend the zone with a clear bullish reaction. This protects against FOMO entries and avoids false breakout traps.
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