A $7.03K SHORT liquidation was triggered at $3099.78, forcing bearish positions to close and easing short-term selling pressure. Such liquidations often act as a momentum spark when price holds above the trigger level.
With shorts flushed, $ETH is now trading near a key reaction zone. If buyers maintain control and volume supports the move, price could extend higher from here. Failure to hold may result in brief consolidation before the next push.
Trade Setup – $ETH
EP: 3090 – 3100
TP1: 3135
TP2: 3175
TP3: 3220
SL: 3075
Short liquidations shift market balance — let price action confirm direction.
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