ETH Short Liquidation Squeeze Signals Fresh Upside
I’m observing a liquidation event on ETH where a substantial short position was cleared at roughly $4,324.80, with the total liquidated amount around $65.1k. This suggests a short squeeze dynamics that could spark renewed upside momentum, especially as momentum players and leveraged shorts are forced to cover.
Currently, the price level around $4.3k acts as a focal point. If buying interest strengthens and on-chain demand increases, ETH could press higher, but the move may be choppy as traders reassess risk after the squeeze.
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