$ETH return to the $3,300 mark is causing fear among bears as they face a potential $1 billion liquidation wall at $3,485?
$ETH price has made a spectacular breakout above the dangerous zone, reaching $3,300, reversing the balance of power on the liquidation map
๐น The bull successful defense of the $3,158 mark prevented a $1.4 billion liquidation of long positions and created momentum for further price increases
๐ธ Currently, the $3,485 resistance level, where over $1.03 billion in short positions are waiting to be slaughtered, poses a significant challenge if the upward trend continues
๐น With the current price gap to the short liquidation zone at 5%, the likelihood of a short squeeze pushing the price up to $3,500 is very high in the short term
Do you believe ETH will trigger the $1 billion Short liquidation bomb this week?
This article is for reference only, this is not investment advice. Please read and consider carefully before making a decision.