Community Articles
via Cointelegraph · By Cointelegraph Staff
Ether Squeeze Risk Grows As Shorts Crowd Near $2K Support
ETH
ETH/USDT
$1,883.98
+0.10%
$1,883.98
+0.10%
(24s)24h Volume
$1,497,768,871.81
24h H/L
$1,886.58 / $1,877.01
Change: $9.57 (0.51%)
Long/Short
67.0%
Long: 67.0%Short: 33.1%
Funding Rate
+0.0047%
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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