The large short liquidation at $2274.99 confirms a powerful bullish impulse that forced bears to close positions rapidly, reinforcing upside momentum. ETH is now holding above a strong structural support zone near $2240, which previously acted as resistance. As long as this level remains intact, continuation toward immediate resistance at $2350 is highly likely. A clean breakout above $2350 could open the door toward the next upside target around $2480–$2550 where heavier selling pressure may emerge. Volume flow supports strong buyer participation after the squeeze. If support near $2240 fails, a corrective pullback toward $2150 could occur before renewed strength. Overall structure favors bullish continuation following leverage reset. $ETH
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$ETH
The large short liquidation at $2274.99 confirms a powerful bullish impulse that forced bears to close positions rapidly, reinforcing upside momentum. ETH is now holding above a strong structural support zone near $2240, which previously acted as resistance. As long as this level remains intact, continuation toward immediate resistance at $2350 is highly likely. A clean breakout above $2350 could open the door toward the next upside target around $2480–$2550 where heavier selling pressure may emerge. Volume flow supports strong buyer participation after the squeeze. If support near $2240 fails, a corrective pullback toward $2150 could occur before renewed strength. Overall structure favors bullish continuation following leverage reset. $ETH