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via Cointelegraph · By Cointelegraph Staff
Ether Squeeze Risk Grows As Shorts Crowd Near $2K Support
ETH
ETH/USDT
$2,479.44
+1.01%
$2,479.44
+1.01%
(24s)24h Volume
$4,505,575,525.69
24h H/L
$2,493.57 / $2,444.47
Change: $49.10 (2.01%)
Long/Short
59.8%
Long: 59.8%Short: 40.2%
Funding Rate
+0.0022%
Longs pay
Data provided by COINOTAG DATALive data
CS
Cointelegraph Staff(07:17 PM UTC)
1 min read
Ether (ETH) remains under pressure after failing to reclaim the $2,150 resistance level. Despite the decline, ETH's aggregate open interest has increased by roughly 350,000 ETH, suggesting new short positions are entering the market.
With more than $1.5 billion in bearish positions clustered above $2,150, a successful defense of the $2,000 support zone could trigger a sharp short squeeze and a…
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