Ethereum: Reclaims $2300 With $652M Shorts Liquidated
Ethereum reclaims $2300 for first time in 3 months as $652M shorts liquidated; 4h chart shows RSI 93.65 overbought and EMA50 support at $1927.56.
SourceAnalysis
Ethereum reclaimed $2300 for the first time in over three months while $652 million shorts liquidated in sixty minutes.
Price tests upper Bollinger resistance at $2146.85 with RSI at 93.65 overbought and MACD golden cross intact, pointing to probable retracement toward EMA50 support at $1927.56 before continuation. ETH price prediction models now factor short squeeze dynamics and ETH technical analysis into near-term targets.
Bull Theory
@BullTheoryioResearch, Trades, onchain plays and all other crypto stuff simplified.Publishes institutional-grade cryptocurrency research and blockchain market intelligence. Delivers in-depth analysis of on-chain metrics, tokenomics, and decentralized finance (DeFi) ecosystems. Features proprietary data models, investment thesis breakdowns, and macro-level crypto trend forecasts. Provides strategic insights for sophisticated investors navigating digital asset markets. Maintains rigorous methodology in fundamental and technical analysis across crypto assets.
Premium Sponsors
.jpg)