$31M in ETH shorts just got liquidated. The bears picked the wrong week. 🔥
📊 ETH ~$2,456 (+2.7% in 24h)
📊 24h range: $2,378 – $2,478
💥 $31.4M in short positions wiped out in 24h
📌 Support: $2,400 | Resistance: $2,480
Why it matters: ETH bounced hard off $2,400 while shorts kept piling in. Every squeeze pushes price up faster, because bears must buy back to exit.
And one big name is watching: Fundstrat's Tom Lee says ETH could pass $10,000 within 12 months, as institutions and treasury companies keep accumulating. That is his call, not a promise — but the squeeze shows how fast this moves when positioning is one-sided.
Watch level: $2,480. Clear it, and the squeeze can extend. Lose $2,400, and the bounce fails.
ETH: breakout or bull trap? One word 👇
Follow for 3 crypto updates daily.
Not financial advice. DYOR.
#Ethereum #ETH #ETHUSDT #Crypto #Bitcoin #BinanceSquare #ShortSqueeze #Liquidations #CryptoNews #Altcoins #DYOR
📊 ETH ~$2,456 (+2.7% in 24h)
📊 24h range: $2,378 – $2,478
💥 $31.4M in short positions wiped out in 24h
📌 Support: $2,400 | Resistance: $2,480
Why it matters: ETH bounced hard off $2,400 while shorts kept piling in. Every squeeze pushes price up faster, because bears must buy back to exit.
And one big name is watching: Fundstrat's Tom Lee says ETH could pass $10,000 within 12 months, as institutions and treasury companies keep accumulating. That is his call, not a promise — but the squeeze shows how fast this moves when positioning is one-sided.
Watch level: $2,480. Clear it, and the squeeze can extend. Lose $2,400, and the bounce fails.
ETH: breakout or bull trap? One word 👇
Follow for 3 crypto updates daily.
Not financial advice. DYOR.
#Ethereum #ETH #ETHUSDT #Crypto #Bitcoin #BinanceSquare #ShortSqueeze #Liquidations #CryptoNews #Altcoins #DYOR