🔷 ETH storms past $2,800: shorts at risk of $1.8 billion — Cointelegraph
Ethereum broke $2,827 — a 15-week high.
This is accompanied by record open interest in futures: $40 billion. The market is overheated with leverage, which is fuel for liquidations.
📈 One major player executed a $31 million profit trade twice in 44 days:
• Bought 30,000 ETH at $1,830
• Sold at $2,621 and $2,759
Such confidence from whales only fuels demand.
🔥 In the second quarter, the number of unique ETH addresses increased by 70%, reaching 17.4 million.
The most activity is in the Base network (72% of total growth).
📊 Ethereum remains the leader in DeFi — 61% of TVL ($66 billion) is held by it.
⚠️ At $2,900, the market risks liquidating $1.8 billion in shorts.
If the level is breached — momentum could instantly push the price to $3,000.
🔼 Fundamentals are also strong:
• $90 billion in staking
• Growth in on-chain metrics
• Institutional interest through ETH-ETF
Ethereum is returning as an asset for growth, income, and the foundational infrastructure of Web3.
Next stop — $3K, but there a whole different game begins.
