Ethereum retests $2,500 as SpaceX surge lifts tech stocks
- —ETH briefly topped $2,500; $53.7 million in ETH futures liquidated in 24 hours
- —Shorts made up $43 million of liquidations, the third straight day
- —NASDAQ rose 1.3% and S&P 500 gained 0.7% after SpaceX earnings
- —US spot ETH ETFs saw $26.13 million in outflows Tuesday, 15 of 16 days negative
Why it matters: Holding above the 20- and 50-day EMAs and clearing $2,548 would open the way to $2,636, but persistent ETF outflows cap the recovery.
Source: FXStreet Crypto