$ETH caught everyone's attention today. A push through yesterday's high would paint quite the picture—especially for traders holding short positions caught off guard.
Here's the thing: momentum above that level gets spicy fast. The setup looks ripe for some forced liquidations if we see real conviction on the upside.
One final move could shake loose a lot of weak hands. Watch closely. 🕺
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
12 Likes
Reward
12
9
Repost
Share
Comment
0/400
GameFiCritic
· 01-10 23:37
The short-term bullish breakout point has indeed arrived, but with so many clearing positions, relying solely on sentiment to break through last year's high? I think it's doubtful.
View OriginalReply0
DaoGovernanceOfficer
· 01-10 22:05
ngl the liquidation cascade framing here lacks empirical rigor. where's the data on actual leverage ratios? most of this reads like wishful thinking tbh
Reply0
GateUser-e87b21ee
· 01-10 19:28
The short position is locked, now this is getting interesting.
View OriginalReply0
ApyWhisperer
· 01-10 14:36
Being squeezed by the shorts is really satisfying. If this wave really breaks out, it might turn into a grand liquidation feast.
View OriginalReply0
OfflineValidator
· 01-08 00:06
The shorts are about to be washed out. If this wave breaks above yesterday's high, it will indeed be quite exciting.
View OriginalReply0
LightningLady
· 01-07 23:46
The short sellers are about to be squeezed out; this wave of ETH really can't hold up anymore.
View OriginalReply0
ContractTester
· 01-07 23:43
The short squeeze is about to explode, this wave is pretty intense.
View OriginalReply0
FomoAnxiety
· 01-07 23:41
Damn, another batch of shorts is about to be liquidated. This pace is incredible.
$ETH caught everyone's attention today. A push through yesterday's high would paint quite the picture—especially for traders holding short positions caught off guard.
Here's the thing: momentum above that level gets spicy fast. The setup looks ripe for some forced liquidations if we see real conviction on the upside.
One final move could shake loose a lot of weak hands. Watch closely. 🕺