$ETH liquidation event: Short positions worth $64.7K wiped out at $1964.29, confirming a sharp upside liquidity sweep that trapped sellers and forced a rapid short squeeze. Market structure is shifting into bullish pressure after breaking through local resistance zones, showing strong reaction from buyers at lower accumulation levels.
Immediate resistance is now forming near $1985, with a stronger supply zone around $2015 if momentum continues pushing higher. On the downside, key support is holding near $1945, and a breakdown below this level could open downside pressure toward $1910 liquidity area.