$ETH experienced a short liquidation of 1.0503K at 1963.25, highlighting renewed upward pressure in the market. As the native asset of the Ethereum network, ETH often sets the tone for broader altcoin movements. Short liquidations on $ETH can create cascading buy pressure because of its deep derivatives market and high open interest. The liquidation at this level suggests that resistance near 1960 was challenged with enough strength to invalidate short positions. If price sustains above this range, it could signal building bullish momentum and attract additional capital inflows. On the other hand, failure to hold gains might indicate a fake breakout scenario where shorts are cleared before a pullback. Monitoring funding rates, spot demand, and overall market liquidity conditions will help determine the strength of this move. $ETH remains a key barometer for crypto sentiment, and its reaction around this zone could influence the direction of many alternative assets

ETH

2,087.5

+2.16%