via Cointelegraph · By Cointelegraph Staff
Ether Squeeze Risk Grows As Shorts Crowd Near $2K Support
ETH/USDT
$9,444,662,011.14
$1,779.90 / $1,717.02
Change: $62.88 (3.66%)
+0.0013%
Longs pay
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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