$ETH Short Liquidation Surge Signals Strength Building
Current Price Area: Around 2965
Key State: Short liquidation of 38.7K at 2964.83 shows bears getting squeezed near resistance.
Support Zone: 2920 – 2890 where buyers previously defended aggressively.
Resistance Zone: 3000 – 3050 psychological and technical supply.
Market Insight: ETH is absorbing sell pressure well. Shorts forced out usually fuel continuation moves when structure holds.
Sentiment: Bullish bias building, confidence returning above 2950.
Targets: First 3000, then 3080 if momentum expands.
Next Move: Hold above 2940 and ETH attempts a clean push into 3K.
Pro Tip: After big short liquidations, wait for a shallow pullback rather than chasing the breakout.
ETHUSDT
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2,972.47
+0.76%