$ETH triggered a notable short liquidation near 2973, indicating sellers were forced out as price pushed through a key intraday level. This type of short squeeze often strengthens bullish continuation when followed by acceptance above the breakout zone. Price is now holding above prior resistance, suggesting momentum remains with buyers. As long as ETH maintains structure above the liquidation level, dips are likely to be supported rather than sold aggressively.
EP: 2940 – 2985
TP: 3050 / 3120 / 3220
SL: 2885
Continuation-biased setup driven by short pressure and strong acceptance.
ETHUSDT
Prep
2,973.39
-0.23%