$ETH Short Liquidation Alert
Shorts squeezed: $40.28K at $3,299.41 — bearish pressure cleared, often a springboard for bullish continuation.
Bullish Breakout Setup
Price is holding above the squeeze zone, signaling strong buyer absorption and momentum rebuilding.
Key Levels
Support: $3,260 – $3,300
Breakout Zone: $3,340 – $3,380
Resistance: $3,450 – $3,550
Trade Setup (Long Bias)
Entry: Pullback & hold above $3,300, or break and hold above $3,380
Targets:
TP1: $3,450
TP2: $3,520
TP3: $3,650
Stop Loss: Below $3,220
Market Sentiment
Short squeeze shifts control to bulls. Sustained acceptance above the breakout zone with volume favors continuation toward higher liquidity. Trade the structure; manage risk.
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