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Ethereum (ETHUSD) Eyes Potential Short Squeeze at Critical Multi-Year Support

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The Story

News Summary

  • Ethereum is testing critical long-term support near $1,650.
  • Despite bearish momentum indicators, declining open interest suggests a leverage washout.
  • A significant concentration of short liquidation liquidity above current prices creates potential for a short squeeze if ETH sustains a move above $1,700.
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ETHUSD price history

2513.85 +24.03% over the displayed period

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