$ETH Short Liquidation: $21.647K at $1976.5
We just saw a notable short liquidation cluster on Ethereum around the $1976.5 level. When shorts get squeezed, it usually means price pushed higher than expected, forcing sellers to close positions — and that often fuels short-term bullish momentum.
Right now, this level becomes important. If ETH holds above it, we could see continuation toward the next liquidity pocket.
📈 Trade Idea (Momentum Continuation Setup)
Entry Zone: $1970 – $1985
(Looking for minor pullbacks into the liquidation zone acting as support)
Stop Loss: $1945
(Below recent intraday structure to protect against fake breakout)
Take Profit Targets:
🎯 TP1: $2005 – Psychological resistance
🎯 TP2: $2035 – Previous local high liquidity area
🎯 TP3: $2060 – Extended squeeze target if momentum accelerates
🔎 Why this setup?
Short squeeze = forced buying pressure
Liquidity grab above resistance
Potential shift in short-term momentum
As always, wait for confirmation on lower timeframes instead of blindly entering. If price fails to hold above $1970, the squeeze may fade and we could see a retracement.
Stay sharp and trade smart.
$ETH #PEPEBrokeThroughDowntrendLine #PredictionMarketsCFTCBacking
