$ETH triggered a short liquidation near 2949, confirming bearish positioning was invalidated as price defended demand. Acceptance above this zone signals buyer control rather than a stop run. Momentum favors continuation while higher lows hold, with pullbacks likely to be absorbed.
EP: 2925 – 2965
TP: 3040 / 3160 / 3320
SL: 2875
Continuation-biased setup driven by short squeeze dynamics.
ETHUSDT
Prep
2,949.78
-2.70%