Ethereum Jumps 7.42% to $2,770 on Bitcoin-Led Short Squeeze
- —ETH gained 7.42% to $2,770.37, intraday high of $2,801.17
- —Volume reached $26.52 billion, 75% above the 30-day average
- —RSI at 71.6; ETH open interest on Binance hit a nine-month high
- —Bitmine bought $75.2 million in ETH, supporting institutional demand
Why it matters: The break above $2,672 resistance opens the door to $3,000, but overbought conditions and heavy derivatives leverage risk a pullback.
Source: DiarioBitcoin