ETHEREUM EYES $3K AFTER $1.8B IN SHORTS LIQUIDATED AT 15 -WEEK HIGH!

Ethereum's recent surge is certainly making waves in the crypto market. Let's break it down .

Current Price: Ethereum is currently trading at $2,716.99, with a 2.27% decrease. However, it recently hit a 15-week high above $2,800, sparking interest in its potential to reach $3,000 .

Short Liquidations: The liquidation of $1.8 billion in shorts could fuel Ethereum's upward momentum. With Ether's futures open interest surpassing $40 billion, the market is showing signs of high leverage and potential volatility .

Key Resistance Levels:

-$2,880: A major resistance level that could determine Ethereum's next move

$2,920: An upside break above this level could lead to further gains

$3,000: A significant milestone that Ethereum might reach if momentum sustains

Market Sentiment:

Bullish: Growing interest and network activity, including a 70% surge in unique Ethereum addresses in Q2

Bearish: Concerns about sustainability due to relatively low fees ($43.3 million in the last 30 days) and potential risks associated with high leverage

Technical Indicators:

-MACD: Losing momentum in the bullish zone

- RSI: Below the 50 zone, indicating potential room for growth

Overall, Ethereum's price movement will depend on its ability to break through key resistance levels and maintain momentum. If it can sustain its upward trend, $3,000 might be within reach .#BinanceHODLerHOME #ETH $ETH #TrumpTariffs #MarketRebound