$ETH just saw a sharp move as $273.4K in short positions were liquidated around the $1,889.75 level, signaling a sudden push upward that caught bearish traders off guard. When shorts get wiped, it often adds fuel to the rally because forced buy orders accelerate price momentum. Over the past 24 hours, total ETH liquidations have reached $7.78M, showing heightened volatility and aggressive positioning on both sides of the market. This kind of cascade typically indicates crowded trades and thin resistance zones. If momentum holds, buyers may attempt to reclaim higher levels, but expect fast swings as the market digests the liquidation shock.
ETH
1,914.43
-3.25%