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Why is Ethereum (ETH) price up today?

Coin Telegraph LogoCoin Telegraph12h ago

Why is Ethereum (ETH) price up today? - Coin Telegraph

Quick Summary:

Source: Crypto GoosEthereum short squeeze boosts ETH priceShort liquidations in the Ethereum Futures market have been fueling upward momentum further. Since May 8, traders betting against Ethereum have been forced to close their positions, with $437.94 million in short liquidations recorded.At the same time, $211.29 million in long liquidations have also occurred. ETH total liquidation chart.

Ethereum rally precedes mega-whale accumulationEther’s price rally in the past days has preceded substantial accumulation among its “mega-whales,” i.e., wallets holding over 10,000 ETH. The Glassnode chart illustrates that mega-whale net position change has flipped positive since late April, with whales steadily increasing their ETH holdings.

Source: XEther’s key support bounce hints at $3,400 Ethereum’s price is bouncing off a long-term ascending support line visible on the monthly chart, forming the lower boundary of a large symmetrical triangle pattern.

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Article Details

Author / Journalist: Cointelegraph by Yashu Gola

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-10 @ 14:52:11 (12 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 580 words

Reading Time: 4 minutes read

Sentences: 29 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 28535361

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About Coin Telegraph

Coin Telegraph Logo

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 11 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

Publisher Details

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