Ethereum bullish short squeeze signals a potential upside buy
I’m observing a bullish tilt for Ethereum after a sizable short squeeze, with a $176K short liquidated at the $4,406.14 level. This dynamic suggests renewed upside pressure as shorts are forced to cover, potentially fueling additional momentum in Ether’s price action.
Key takeaway: constructive price action emerges from short liquidations, but the move should be confirmed by follow-through above immediate resistance and healthy on-chain activity before committing risk capital.
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Disclaimer
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