• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Ethereum Surpasses $2800: ETF Speculation and Short Squeeze Fueling the Rally

user avatar

by Giorgi Kostiuk

9 hours ago


The recent surge in Ethereum's price to $2800 has been driven by a combination of ETF speculation and technical signals indicating bullish trends. This increase has also caused a short squeeze, resulting in significant liquidations.

ETF Speculation and Technical Indicators

The price jump coincided with reports of a proposed crypto ETF backed by former President Donald Trump. This news catalyst aligned with a golden cross pattern—where the 7-day EMA crossed above the 30-day EMA—and a bullish pennant formation, both historically associated with upward price momentum. Technical indicators confirm the move, with the MACD histogram at +27.62 and the RSI at 65.18, signaling strong bullish momentum without entering overbought territory.

Short Squeeze and Altcoin Rotation

Ethereum not only outperformed Bitcoin (+2.3%) and the broader crypto market (+2.76%), but also triggered a wave of liquidations. Over $16.2 million in ETH short positions were wiped out after breaking the $2800 resistance, fueling a cascade of forced buybacks. Derivatives open interest rose 5.73% in the past 24 hours, while funding rates for perpetuals turned positive—indicating renewed appetite for leveraged long positions. The rally is also supported by a broader sector rotation favoring altcoins.

What’s Next: Key Level and Target

While the Trump-linked ETF still lacks regulatory approval, the technical market structure remains intact. If Ethereum holds above the $2698 level (23.6% Fibonacci retracement), it could pave the way toward a new target of $3350—the 161.8% Fibonacci extension.

Current events highlight the importance of technical analysis and speculative factors in determining Ethereum's price. Investors should closely monitor key levels to understand potential subsequent movements in the market.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Coinbase Adds New Cryptocurrencies for Users in Germany

chest

Coinbase announced a list of new cryptocurrencies for users in Germany, including DeFi and meme coins.

user avatarGiorgi Kostiuk

BIT Mining Focuses on Solana, Raising $300 Million

chest

BIT Mining announces $300 million investment in Solana ecosystem, resulting in stock and SOL price increases.

user avatarGiorgi Kostiuk

Bitcoin on the Rise: Overview of Mutuum Finance

chest

Bitcoin is aiming for $115,000 while Mutuum Finance (MUTM) catches attention with a successful presale phase.

user avatarGiorgi Kostiuk

Solo Miner Wins $350,000 for Block 903,883 with CKpool

chest

A solo miner from CKpool wins $350,000, highlighting the rarity of success in solo mining.

user avatarGiorgi Kostiuk

Revocation of U.S. Treasury Reporting Rule: Impact on Decentralized Exchanges

chest

U.S. Treasury has revoked the reporting rule for decentralized exchanges, which may reduce compliance costs and foster DeFi growth.

user avatarGiorgi Kostiuk

Trump's 50% Copper Tariff Announcement: Economic Implications

chest

Trump implemented a 50% tariff on copper effective August 1, 2025, potentially impacting construction and electronics sectors.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.