Markets are tracking massive short trades on Ethereum, while whales continue to buy

Current Situation:

• Significant increase in short positions on exchanges.

• In contrast, whales are buying in large volumes, indicating a potential near-term price reversal.

Analysis:

• Short pressure could lead to a 'short squeeze' and a sudden price increase.

• The key support at $2,400 seems to be holding currently.

#Ethereum #ETH #Whales #ShortSqueeze #CryptoTrading