Bearish Sentiment Fuels Expectations of a Short Squeeze in Ethereum

The intense bearish mood in Ethereum has paradoxically set the stage for a possible short squeeze, which could disrupt downward trends and lead to a swift price rebound amid heightened market volatility.

Support zones to monitor: ~ US$3,800-3,900 region is cited in multiple analyses as a demand zone.

Also deeper support, if that breaks, around US$3,500-3,700 is noted.

Resistance zones: ~ US$4,600 is cited as a pivot if upward breakout occurs. Above that, ~$4,900-5,000 is target territory.

If price decisively closes below the support zone (~3.8k), the trend could shift more bearish.

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