$ETH Forcefully reclaiming $1,680! Bullish takeover in full swing!!! $ETH

After ruthlessly clearing out high-leverage floating positions at the top and confirming a strong bottom near $1,505, $ETH today has welcomed an even more aggressive right-side rebound! A volume-driven surge within 24 hours +1.71%, with the price confidently crossing $1,660, and now firmly standing above $1,688.86. Compared to the downward trend of recent days, the bulls have now completely taken control of the 4-hour chart.

As major staking protocols and DeFi platforms have recently launched new yield optimization schemes, large on-chain traders are frantically withdrawing spot assets from exchanges and locking them in cold wallets. In the current volatile market where the entire network is seeking highly certain returns, Ethereum’s essential asset nature has once again attracted capital to regroup and return.

As long as the price can hold above the $1,680 level with volume in the next 24 hours, the derivatives market will see an epic Short Squeeze liquidation. Short positions will be forced to liquidate, becoming the most intense fuel, helping ETH tear through the downward channel above, targeting the core vacuum zone at $1,720 or even $1,850!

All negative news eventually turns into positive, never miss the bottom when it’s established! The vicinity of $1,500 has already proven with facts that it is the absolute bottom of this correction cycle. #ETH