$ETH Liquidated Short: $37.8K at $2962.01.
This short liquidation occurred as ETH pushed above a key resistance zone near $2960, triggering forced buybacks from overleveraged sellers. Price strength at this level suggests strong bullish momentum and aggressive demand absorption. The liquidation spike indicates that bears were caught offside during the breakout, adding fuel to the upside move. If ETH holds above this level, it may flip former resistance into short-term support and open the door for continuation toward higher liquidity zones. Failure to sustain above $2960 could result in a pullback and consolidation before the next directional move.
ETH
1,922.21
-1.30%
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