**🔥🚨 ETH Supply on Binance Decreases - Ready for a Price Squeeze? 🚨🔥**
**📌 Key Points:**
1️⃣ **ETH supply on Binance has significantly dropped** - The supply ratio on the exchange has reached its lowest level in recent weeks
2️⃣ **Short positions are piling up at $1,900-$2,000** - Opening up the potential for a major short squeeze if prices rise
3️⃣ **49% of ETH outflow comes from Binance** - Although global outflow is decreasing, Binance remains dominant
**📊 Supply Analysis:**
- A decrease in exchange supply is usually an indication of **strong holding**
- A similar pattern occurred last April before ETH rallied 14% in one week
- **Binance leads outflow** with 49% of the total ETH withdrawn
**💥 Potential Short Squeeze:**
- Short liquidations could trigger a rapid rally to the $1,900-$2,000 zone
- Historical data shows a **strong correlation** between supply drops and price rallies
- With supply thinning, **selling resistance decreases**
**📈 Technical Outlook:**
- ETH is still holding below $2,000
- A **head and shoulders** pattern has formed, which could indicate a reversal
- Recent large liquidations ($67 million) indicate high volatility
**🔮 Prediction:**
- If the pattern repeats like in April, **potential rally of 10-15%** in the near future
- The $1,900-$2,000 zone becomes the main target for short liquidations
- However, a breakout confirmation from the resistance level is needed
**⚠️ Disclaimer:**
Price predictions are not guaranteed to be accurate. Crypto trading carries high risks. Conduct your own research before investing.
