Ethereum Don Jump 20% As Institutional Shorts Hit Record, Squeeze Risk Dey Grow
Ethereum don climb over 20% inside di last one month, e rise from June low dem near $2,100 go roughly $4,300 by mid-August. Data from Bitcoinsensus show say institutions don open record high short positions for CME futures, meanwhile whales and ETF inflows dey push demand. Inside last 24 hours, $378 million stablecoins don land to accumulate Ethereum, wey dey challenge bearish traders. Technical analysis talk say key support dey for $4,200—if e break, e fit cause liquidations pass $2 billion—and resistance dey cluster between $4,550 and $4,571 before potential $5,000 target. Analysts caution say if e move up, e fit trigger short squeeze plus push price go higher, but if e no hold $4,200 support zone, e fit cause forced liquidations plus drop to $3,800 or below. Traders suppose dey watch short squeeze signals, institutional short interest, plus critical technical levels to manage risk for di volatile Ethereum market.
Bullish
Di tori talk strong bullish case: 20% rally dey supported by $378 million stablecoin inflow dem, plenty whale dem dey collect, plus ETF demand. At di same time, institution short dem reach record high, e mean say short squeeze fit happen wey go make price go up quick quick. Key technical levels like support for $4,200 and resistance for about $4,550–$4,571 dey give clear entry and exit points. For history, similar situation like Bitcoin short squeezes for 2021 don cause quick price jump when bear bet plenty pass. For short term, traders fit see more wahala as short cover, wey go push Ethereum to $5,000. For long term, if whale and institution demand continuous, e fit hold price make e rise further as long as critical support levels no break. Correct risk management around these levels go important to make use of the bullish momentum well well.