Ethereum surges past $2,500 on strong ETF inflows and massive short squeeze
Ethereum (ETH) price broke above $2,500, reaching its highest level since January, driven by $697 million inflows into US spot Ethereum ETFs and a $1.69 billion short squeeze over three days. Institutional interest is strong, with staking participation at 35% locking 42.3 million ETH, signaling confidence among long-term holders. Technical indicators show a bullish golden cross and overbought conditions, with analysts eyeing $2,750 and $3,000 as key resistance levels. This momentum suggests continued upside potential as ETF inflows and market sentiment remain positive.
Ethereum (ETH) price broke above $2,500, reaching its highest level since January, driven by $697 million inflows into US spot Ethereum ETFs and a $1.69 billion short squeeze over three days. Institutional interest is strong, with staking participation at 35% locking 42.3 million ETH, signaling confidence among long-term holders. Technical indicators show a bullish golden cross and overbought conditions, with analysts eyeing $2,750 and $3,000 as key resistance levels. This momentum suggests continued upside potential as ETF inflows and market sentiment remain positive.
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