⚡ ETHEREUM'S 50% SHORT SQUEEZE: The Comeback Nobody Saw Coming
Ethereum just pulled off one of its wildest weeks ever — surging over 30% and briefly testing $2,500, a level not touched since early this year. This wasn't a slow grind; it was a squeeze.
Why it's happening:
A wave of short liquidations (averaging $130M+ weekly) forced bears to cover in a hurry
Ethereum ETFs reversed course hard, pulling in roughly $700 million in a single week after prior outflows
Whales have reportedly been pulling ETH off exchanges, tightening available supply
Levels traders are watching:
🔴 Resistance: $2,500 — ETH has been rejected here multiple times already
🟢 Support: $2,356, then the critical 200-day EMA near $2,136
⚠️ Warning sign: RSI near 78 signals ETH is overbought — a cooldown wouldn't be surprising even in a strong uptrend
Bottom line: This rally is powerful but leverage-driven. Watch whether spot demand catches up to confirm the move is real.
$ETH
#Ethereum
Ethereum just pulled off one of its wildest weeks ever — surging over 30% and briefly testing $2,500, a level not touched since early this year. This wasn't a slow grind; it was a squeeze.
Why it's happening:
A wave of short liquidations (averaging $130M+ weekly) forced bears to cover in a hurry
Ethereum ETFs reversed course hard, pulling in roughly $700 million in a single week after prior outflows
Whales have reportedly been pulling ETH off exchanges, tightening available supply
Levels traders are watching:
🔴 Resistance: $2,500 — ETH has been rejected here multiple times already
🟢 Support: $2,356, then the critical 200-day EMA near $2,136
⚠️ Warning sign: RSI near 78 signals ETH is overbought — a cooldown wouldn't be surprising even in a strong uptrend
Bottom line: This rally is powerful but leverage-driven. Watch whether spot demand catches up to confirm the move is real.
$ETH
#Ethereum