Ethereum Bounces Back After $155M Short Liquidations: Is a Reversal in Sight?
Ethereum Liquidations Fuel Short-Term Rebound
Over $155 million worth of short positions were wiped out in the past four hours, signaling aggressive market liquidations across major exchanges. Ethereum ( $ETH ) led the rebound with over $8.7 million in short liquidations, followed closely by $Bitcoin and $Solana . According to the heatmap, bearish traders are “getting rekt” as Ethereum price sharply recovered toward $3,380, erasing part of this week’s heavy losses.
Technical Analysis: ETHUSD Chart Breakdown
The ETHUSD chart shows Ethereum’s price stabilizing around $3,380, forming a potential short-term bottom. ETH managed to defend the 200-day Simple Moving Average (SMA) near $3,397, a crucial support zone that prevented a deeper breakdown below $3,200.
ETH/USD 1-day chart - TradingView
- Resistance Levels: $3,500 → $3,604 → $3,804
- Support Levels: $3,200 → $3,000 → $2,850
The RSI currently sits around 41, recovering from oversold territory, indicating weakening bearish momentum. Meanwhile, the MACD shows signs of a potential bullish crossover — a signal that could hint at a reversal if momentum sustains above $3,400.
Ethereum Price Prediction: Bulls Need $3,500 Breakout
If Ethereum manages to close daily candles above $3,500, a retest of the $3,800 resistance zone becomes likely. This level coincides with both the 9-day and 21-day moving averages, which currently act as dynamic resistance.
However, a rejection at $3,500 could push ETH back to retest $3,200, with a worst-case scenario around $3,000 — a level where previous accumulation zones lie.
ETH Coin and Market Outlook
Liquidations show a clear shift in market positioning — bears are losing control, and a short squeeze may be underway. As Bitcoin regains ground above $100K, Ethereum could benefit from correlated momentum, especially if volume supports continuation.
If bulls manage to flip $3,500 into support, the path toward $3,804–$3,840 opens up as the next bullish target before a larger test at $4,200.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Hyperliquid's Rapid Rise: Emerging as a Major Player in Decentralized Trading?
- Hyperliquid captures 73% of decentralized perpetual trading volume with $12.9B daily trading and $9.76B open positions in October 2025. - Platform executes $645M HYPE token buybacks (46% of crypto buybacks) while 62.26% of Arbitrum's USDC liquidity flows to Hyperliquid. - Institutional adoption grows with 21Shares proposing SEC-approved HYPE ETF, while HIP-3 protocol enables permissionless market creation via HYPE staking. - Faces competition from new rivals (Aster, Lighter) and leadership risks, but exp
Bitcoin News Today: Is Bitcoin’s Recent Sell-Off Driven by Corporate Debt Reduction or Market Manipulation?
- Bitcoin fell below $100,000 on Nov. 4, 2025, with $1.3B in liquidations as whales and firms like Sequans sold BTC to reduce debt. - Analysts argue sellers may amplify bearish narratives via social media to profit from lower prices, while corporate treasury strategies face risks amid falling prices. - On-chain data shows moderate unrealized losses (3.1% stress level), suggesting potential stabilization, though some warn a $56,000 cascade could follow a $100,000 break. - Diverging strategies emerge: Americ
"Study Reveals 25% of Polymarket's Trading Volume is Artificial Due to Ghost Trades"
- Columbia University study reveals 25% of Polymarket's trading volume may involve wash trading, where users self-trade to inflate activity. - Sports and election markets showed highest manipulation rates (45% and 17% fake volume), peaking at 95% in election markets in March 2025. - Platform's lack of transaction fees and pseudonymous wallets enabled manipulation, despite CFTC regulatory actions since 2022. - Researchers urge Polymarket to adopt their detection methods to exclude fraudulent wallets and res
DeFi's Inherent Risks Prompt a Governance Overhaul
- Curve community proposes halting CRV token emissions to Elixir pools amid deUSD collapse linked to Stream Finance's $93M loss. - Elixir's synthetic stablecoin lost 98% value after 65% collateral tied to Stream's devalued xUSD, triggering liquidity freezes and legal disputes. - DeFi platforms like Suilend and Euler forced debt repayments while Stream's 90% deUSD control blocks resolution, exposing systemic governance flaws. - Industry warns interconnected stablecoins and opaque fund managers pose $3.1B an
Trending news
MoreCrypto prices
More
