$ETH Short Liquidation: $35.31K at $2,942.53
Short sellers were forcefully squeezed as ETH pushed higher with strong follow-through. Price moved decisively above the short pressure zone, triggering a cascade of stop losses and forcing rapid short closures. Liquidity was taken cleanly, confirming buyer dominance in the short term.
Entry (EP): $2,925
Take Profit (TP): $3,040
Stop Loss (SL): $2,885
Market Outlook:
$ETH continues to show firm short-term bullish momentum after clearing a large cluster of weak shorts. As long as price holds above the liquidation level, upside continuation toward higher resistance remains likely. Volatility is elevated, so disciplined risk management is essential.
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