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$ETH Guys, ETH surged to 1900! In the past 24 hours, $250 million worth of shorts were liquidated—bulls are showing fierce momentum! Last week, Ethereum spot ETFs attracted inflows exceeding Bitcoin ETFs, indicating a clear shift in institutional preference.
Although Arthur Hayes and large holders withdrew tens of thousands of ETH to support it with staking, don’t let the good news get you carried away! 1920-1946 is the ceiling that suppresses price; above it, shorts are densely positioned. In the short term, divergence makes it easy for a sudden deep dip and a pin-like sweep to flush out those chasing long leverage.
In the short term, the ceiling resistance above is in the 1920 - 1946 area. The floor support below is in the 1850 - 1880 area.