$ETH just moved 18% — now comes the real test
ETH broke out of its month-long range and pushed toward $2,300.
But ~$1.1B in ETH positions were liquidated, mostly Shorts.
That means the breakout was heavily amplified by a short squeeze.
Now the important question is whether real spot demand can keep ETH above $2,300 after the squeeze fades.
Above $2,300 → $2,400–$2,500 comes into focus.
Below $2,100–$2,150 → the breakout starts looking much weaker.
Real breakout or just a short squeeze?
#Ethereum #ETH #Crypto
ETH broke out of its month-long range and pushed toward $2,300.
But ~$1.1B in ETH positions were liquidated, mostly Shorts.
That means the breakout was heavily amplified by a short squeeze.
Now the important question is whether real spot demand can keep ETH above $2,300 after the squeeze fades.
Above $2,300 → $2,400–$2,500 comes into focus.
Below $2,100–$2,150 → the breakout starts looking much weaker.
Real breakout or just a short squeeze?
#Ethereum #ETH #Crypto