$ETH saw a massive $4.99M in short liquidations at $2,499.42, marking a major flush of leveraged bearish positions right at the $2,500 resistance.
Key Levels
Current Trigger: $2,499.42
Support: $2,475
Major Support: $2,450
Resistance: $2,500
Next Target: $2,550
⚠️ $2,500 is the critical breakout level. A sustained move above it could accelerate the short squeeze toward $2,550. Failure to break and a rejection back below $2,475 could signal profit-taking and a pullback.
#Fed faces inflation dilemma #Ethena Buys Back Seed ENA and Ends Future VC Unlocks in Four Ecosystem Overhauls #SK Hynix Warns HBM and Memory Shortage Will Persist Through 2030 #Solana governance passes disinflation proposal
