liquidation if Ethereum breaks the $2,900 barrier, potentially leading to a significant price surge.
- Despite the price movement, Ethereum faces
$ETH $ETH
Walking the Tightrope of Ethereum: $1.8 Billion in Short Positions Hanging by a Thread 🎢
Ethereum recently touched its highest level in 15 weeks at $2,827, creating an interesting market scenario:
- The market whale played brilliantly, accumulating 30,000 Ethereum at $1,830 and selling it at higher prices for a profit of $31 million 💰
- Massive short positions worth $1.8 billion could face liquidation if Ethereum breaks the $2,900 barrier, potentially leading to a significant price surge.
- Despite the price movement, Ethereum faces structural challenges:
* Network fees have decreased by 90% after the Cancun upgrade
* Staking yields stuck at only 3.12%
* The percentage of "diamond-handed" holders decreased from 63% to 55%
The recent price movement shows volatility with Ethereum testing the $2,835 level before retreating to around $2,760. With open interest in futures reaching an all-time high of $40 billion, we are witnessing maximum leverage in the market that could swing significantly in either direction.
The $2,800 level remains crucial - a sustained break could open the way to $3,200-$3,500! 📈
These are just analyses and not recommendations.
Share your opinion in the comments.
Walking the Tightrope of Ethereum: $1.8 Billion in Short Positions Hanging by a Thread 🎢
Ethereum recently touched its highest level in 15 weeks at $2,827, creating an interesting market scenario:
- The market whale played brilliantly, accumulating 30,000 Ethereum at $1,830 and selling it at higher prices for a profit of $31 million 💰
- Massive short positions worth $1.8 billion could face liquidation if Ethereum breaks the $2,900 barrier, potentially leading to a significant price surge.
- Despite the price movement, Ethereum faces structural challenges:
* Network fees have decreased by 90% after the Cancun upgrade
* Staking yields stuck at only 3.12%
* The percentage of "diamond-handed" holders decreased from 63% to 55%
The recent price movement shows volatility with Ethereum testing the $2,835 level before retreating to around $2,760. With open interest in futures reaching an all-time high of $40 billion, we are witnessing maximum leverage in the market that could swing significantly in either direction.
The $2,800 level remains crucial - a sustained break could open the way to $3,200-$3,500! 📈
These are just analyses and not recommendations.
Share your opinion in the comments.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
ETH
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