Ethereum hits $2,800 as ETF inflows and short squeeze fuel rally
- —ETH climbed nearly 2% to $2,800 on roughly $20 billion in volume
- —Crypto short liquidations reached $924 million, with Ethereum about a fifth
- —US spot ETH ETFs drew $270 million Monday and $162.31 million Tuesday
- —Santiment's 365-day MVRV turned positive at 3.6%, first time since October 2025
Why it matters: Reclaiming $2,800 confirms the reversal from the $1,550 low and opens the path to $3,000 and $3,400.
Source: Cryptonews.net