Altcoins News

Story: Ethereum Bulls Regain Control After $500M Short Squeeze as Key Signal Flashes

By Julie Binoche

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Major Short Squeeze Clears the Deck. On June 16, Ethereum witnessed a significant liquidation event, with short sellers facing losses…

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Key Moving Average May Define the Breakout. According to technical analysis shared by CryptoQuant contributor İbrahim Cosar, Ethereum is…

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Seller Exhaustion Hits 18-Month Low. Beyond price action and technical resistance, Ethereum’s fundamentals are also flashing…

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ETH Still Underperforming Against Bitcoin. While Ethereum’s individual indicators appear bullish, it continues to lag behind Bitcoin in terms…

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What’s Next for Ethereum?. The path forward for Ethereum depends on how it performs against key technical and psychological…

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Final Thoughts. Ethereum's recent recovery following a $500 million short liquidation may represent more than just…

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Ethereum has shown signs of strength following a volatile week in which over $500 million in short positions were wiped from the market.

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Despite ongoing global tensions and uncertainty in the broader crypto market, Ethereum has managed to hold above the $2,400 level—a potentially bullish setup for what some see as…

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Data from derivative exchanges showed that the estimated leverage ratio dropped notably following the event.

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At the same time, despite the pressure from global uncertainties, Ethereum maintained stability above $2,400.

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According to technical analysis shared by CryptoQuant contributor İbrahim Cosar, Ethereum is approaching a decisive moment on the weekly chart.

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Ethereum's previous significant rallies in October 2023 and November 2024 both began after the asset closed a weekly candle above this moving average.

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Traders are watching this level carefully, with many viewing a breakout above the MA as confirmation of long-term upside potential.

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This metric evaluates whether current price levels represent a low-risk buying opportunity. When both volatility and the share of profitable coins are low, it implies that most…

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Currently, the Seller Exhaustion Constant matches its January 2024 low—an area that preceded a multi-month rally.

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