ETH 24H Volatility: 8% Surge Followed by Sharp Pullback Amid Whale and Liquidation Dynamics

AiCoin price data shows ETH has executed a textbook "short squeeze followed by retracement" move within 24 hours: - At 21:16, ETH broke above $1,800 USDT, up 7.9% in 24 hours—primarily driven by massive short liquidations, with $1.33 billion in short positions liquidated in 24 hours, far exceeding longs at $640 million. - At 21:52, the tide turned: a whale borrowed over $80 million worth of ETH from Aave and dumped it directly, triggering a cascade of liquidations and retracement. - ETH has since pulled back to $1,776, with another $25.88 million in short positions liquidated within the past hour, as the market enters a double-sided liquidation phase. Technically, $1,800 has been a strong resistance level for ETH since May, repeatedly failing to hold above it. Fundamentally, no new positive catalysts emerged (the Iran-U.S. agreement effect has been priced in; ETFs saw net outflows of $55 million)—this move was purely driven by leverage speculation. Short-term outlook: $1,750 is key support; a break below could retest the $1,720–$1,700 range. A hold above it may set up a second attempt toward $1,800. All data sourced from AiCoin real-time price feeds and on-chain alerts. Risk Disclaimer: The views, conclusions, and recommendations in this content are for informational purposes only and do not constitute investment advice. The market carries risks; invest with caution.