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🔥 $ETH Short Squeeze Gains Momentum
A $212K ETH short position has been liquidated at $1,956.48, signaling that bearish traders were forced to exit as price moved higher. Short liquidations often accelerate bullish momentum, creating a chain reaction of buy orders that can push the market toward the next resistance levels.
If buying volume remains strong, $ETH could extend its upward move. However, traders should watch for potential profit-taking after the squeeze and wait for confirmation before entering new positions.
Stay disciplined, follow your risk management plan, and let price action guide your next trade. $BTC #ETHBackAbove1900 #SummerCreationCamp #CLARITYActEntersFinalCriticalStage #EventContractsLaunch #Web3SecurityGuide $SOL