{"id":10511,"date":"2025-06-24T15:29:00","date_gmt":"2025-06-24T14:29:00","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=10511"},"modified":"2025-06-24T15:11:54","modified_gmt":"2025-06-24T14:11:54","slug":"ethereum-2800-price-target-112m-short-squeeze","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/ethereum-2800-price-target-112m-short-squeeze\/","title":{"rendered":"Will Ethereum Hit $2,800 After a $112 Million Short Squeeze ?"},"content":{"rendered":"\n

Ethereum Rebound Fueled by a Short Squeeze<\/h2>\n\n\n\n

Ethereum<\/a><\/strong> is currently trading at $2,418<\/strong>, showing a 7.3%<\/strong> gain in 24 hours with a spot exchange volume exceeding $26 billion<\/strong>. These recent bullish movements bring Ethereum’s price to a promising fractal pattern, indicating a potential further rise to $2,800<\/strong>.<\/p>\n\n\n

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\"Ethereum<\/figure><\/div>\n\n\n

After a pause in the rally that started in May, Ethereum’s price briefly dropped due to geopolitical tensions<\/strong>. However, the announcement of a ceasefire between Iran and Israel reignited risk appetite among crypto<\/a> traders, triggering a more than 7% rebound in a day.<\/p>\n\n\n\n

This price pattern closely resembles what happened between the fourth quarter of 2023 and the first quarter of 2024. Back then, Ethereum experienced a parabolic rise<\/strong> followed by over a month of consolidation. It then finally broke through resistance to reach a peak of $4,000<\/strong>.<\/p>\n\n\n\n

Bullish Fractal Pattern Targets $2,800<\/h2>\n\n\n\n

To validate this bullish fractal pattern, Ethereum’s price will need to decisively break through the key resistance zone of $2,800<\/strong>. A convincing breakthrough at this level could then pave the way for a further uptrend beyond $4,000<\/strong>.<\/p>\n\n\n\n

The RSI indicator also supports this outlook, replicating the same movement as in January 2024 before the bullish breakthrough. Traders will need to wait for this indicator to cross above 50<\/strong> to confirm sustained positive momentum.<\/p>\n\n\n\n

Despite this promising bullish momentum, traders on the Binance<\/a> platform appear skeptical. In just 24 hours, the percentage of short positions on Ethereum has risen from 28% to 39%<\/strong>, potentially impacting the short-term rally potential.<\/p>\n\n\n\n

It will be essential to monitor the evolution of traders’ positions<\/strong>, especially on Binance, as a reversal could accelerate Ethereum gains in the event of a massive closure of short positions.<\/p>\n\n\n\n

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Take advantage of Bybit’s return !<\/a><\/div>\n<\/div>\n\n\n\n

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