$ETH triggered a massive short liquidation at $2942.0, signaling strong bullish momentum and a decisive rejection of lower prices. This event reflects high confidence from buyers as bearish positions were forcefully closed. In Ethereum, large short liquidations often confirm trend strength rather than short-term volatility spikes. If ETH maintains acceptance above this level, it may continue attracting institutional and momentum-driven participation. However, sustained upside will depend on controlled funding rates and steady spot demand to avoid overheating and sharp corrective pullbacks.
ETHUSDT
Perp
2,820.31
-0.29%
