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Ethereum Bears Could Be Trapped: ETH Liquidation Map Hints at a Major Short Squeeze

2026-06-08 14:22:56

Story Highlights* Ethereum is testing a multi-year support zone near $1,650 as bulls attempt to prevent a deeper correction after a 45% decline.

A sharp drop in Open Interest suggests a leverage reset, while $2.5 billion in short liquidity above current levels raises the odds of a short squeeze.
If ETH reclaims $1,700, liquidation clusters near $1,750 and $1,800 could fuel a stronger recovery rally in the coming sessions.

ETH-1.5%

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