97% Of Crypto Investors Are Missing The Biggest Trade Right Now!
Read summaryEthereum experienced a massive 21% price surge seemingly out of nowhere, clearing key resistance levels on the weekly chart. The breakout has sparked speculation about the start of alt season and a potential return to all-time highs for Ethereum. The ETH/USD pairing presents a buy-the-dip opportunity at the $3,400 level, following the recent price spike. Meanwhile, the ETH/BTC pairing remains stable, with the need for multiple higher highs and higher lows to confirm a reversal. The recent surge in Ethereum's price was attributed to a short squeeze, with the majority of the market being short on Ethereum. This short squeeze was triggered by news of the SEC allowing exchange-traded funds (ETFs) for Ethereum, leading to a significant liquidation of short positions and a shift to long positions.Overall, the sudden price movement in Ethereum has reignited bullish sentiment in the market, paving the way for potential upside momentum in the coming days. 🚀📈🔥
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