$ETH 19.08.26 Ethereum made a powerful vertical surge, jumping immediately by +20% in 24 hours
The main hidden fuel behind ETH’s lift-off was tectonic shifts in the traditional financial market. The U.S. Department of the Treasury unexpectedly announced plans to double the buyback limit for long-term government bonds.
A cascade of liquidations: a $1.23 billion short squeeze
The technical breakout to the upside was turbocharged by a massive breach of levels of margin positions. The bond yield drop caught major institutional bears off guard—those who had been opening shorts for several weeks, expecting the summer range to continue.
A chain reaction of forced position closures triggered a wave of liquidations: in one day, exchanges wiped out traders’ short positions totaling a record $1.23 billion.
Key resistance level 2400
Guys, what do you think: is this the start of a full-fledged altseason, or a false breakout before a deep plunge? Comment below! 👇
#ETH #Ethereum #CryptoNews #CryptoRally
Trade here 👇👇👇
The main hidden fuel behind ETH’s lift-off was tectonic shifts in the traditional financial market. The U.S. Department of the Treasury unexpectedly announced plans to double the buyback limit for long-term government bonds.
A cascade of liquidations: a $1.23 billion short squeeze
The technical breakout to the upside was turbocharged by a massive breach of levels of margin positions. The bond yield drop caught major institutional bears off guard—those who had been opening shorts for several weeks, expecting the summer range to continue.
A chain reaction of forced position closures triggered a wave of liquidations: in one day, exchanges wiped out traders’ short positions totaling a record $1.23 billion.
Key resistance level 2400
Guys, what do you think: is this the start of a full-fledged altseason, or a false breakout before a deep plunge? Comment below! 👇
#ETH #Ethereum #CryptoNews #CryptoRally
Trade here 👇👇👇