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News
Ethereum Retests $3,700 Support as Short Positions Rise Amid Bitcoin Rotation
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Steve Muchoki10-31

Ethereum Retests $3,700 Support as Short Positions Rise Amid Bitcoin Rotation

Ethereum fell 5% to approximately $3,754 on Thursday, retesting a critical support zone above $3,700. The decline triggered over $218 million in liquidations from leveraged positions. Analysis shows heightened short interest and capital rotation from Bitcoin may signal a potential reversal.
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Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.
Technical AnalysisEthereum
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Selected news

01:26
Bitcoin Crosses $102,000 With 1.1% Gain in 24 Hours
01:21
Binance Founder CZ to Give First TV Interview Following Pardon
01:00
Nasdaq Falls Over 2.1% as Crypto-Related Stocks Decline Broadly
23:55
Bitcoin Long-Term Holders Ramp Up Selling as New Demand Fails to Keep Pace
23:20
ZEC Futures Liquidations Reach $55.3M in 24 Hours, Shorts Account for $50M
23:15
ZEC Short Position on Hyperliquid Records $21.5M Unrealized Loss
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Technical AnalysisTradingStablecoinEthereumSolanaDEXStocksWalletScamsMemecoinRWABNBAirdropsNFTGameFi
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