#ETH🔥🔥🔥🔥🔥🔥

Ethereum has burst higher recently—up ~6‑7 % in the past day—driven by strong institutional demand, rising open interest, and technical momentum 🎯.

🔍 Why the surge?

A short squeeze hit heavy short positions—forcing squeeze-related buy-ins StockInvest+3CoinGape+3Cointelegraph+3.

Institutions (BitMine, SharpLink, Bit Digital) added hundreds of thousands of ETH to their treasuries Cointelegraph+2CoinGape+2Mitrade+2.

On‑chain data show record futures open interest (~$46 bn) and rising staking levels, burning supply and reinforcing demand Cointelegraph.

📈 Technicals point bullish

Formed a “golden cross” as the 50‑day moving average crossed above the 200‑day—often a strong buy signal TradingView+15Decrypt+15changelly.com+15.

ETH has broken above key resistance at $3,300–$3,400, with targets at $3,470 and $3,600 next if this momentum holds Mitrade+1Decrypt+1.

ETH/BTC pair surged ~50 %, suggesting further upside vs. Bitcoin could be coming soon.

📅 Today & Tomorrow — What to Expect

Expect continued volatility around $3,300–$3,400:

Today: price swings of ±3–4 % intraday are likely; potential rally toward $3,420 or a dip to support at ~3,140+ DecryptThe Economic Times+2StockInvest+2CryptoPotato+2.

Tomorrow: short‑term forecasts vary: the outlook remains bullish, with models projecting $3,270–$3,320 to $3,400+ range .

💡 Summary

With technicals and fundamentals aligned, ETH’s rally looks robust. Look for possible consolidation or mild pullback as traders lock in profits. But sustaining above $3,400 could pave the way to $3,600+ quickly.

– Stay alert for sudden dips around $3,200 for buying opportunities.

– Profit‑targets near resistance levels; trailing stops advised under $3,140.

Today‑tomorrow: prepare for swings 🎢, but the bullish tone remains. Watch $3,140 support and $3,470 resistance zones.