• bitcoinBitcoin (BTC) $ 111,072.00
  • ethereumEthereum (ETH) $ 2,774.40
  • tetherTether (USDT) $ 1.00
  • xrpXRP (XRP) $ 2.42
  • bnbBNB (BNB) $ 670.35
  • solanaSolana (SOL) $ 157.43
  • usd-coinUSDC (USDC) $ 0.999804
  • tronTRON (TRX) $ 0.291049
  • dogecoinDogecoin (DOGE) $ 0.180204
  • staked-etherLido Staked Ether (STETH) $ 2,772.59
  • cardanoCardano (ADA) $ 0.621824
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 111,059.00
  • hyperliquidHyperliquid (HYPE) $ 41.45
  • wrapped-stethWrapped stETH (WSTETH) $ 3,351.92
  • suiSui (SUI) $ 3.10
  • bitcoin-cashBitcoin Cash (BCH) $ 510.22
  • chainlinkChainlink (LINK) $ 14.32
  • stellarStellar (XLM) $ 0.289402
  • leo-tokenLEO Token (LEO) $ 9.00
  • avalanche-2Avalanche (AVAX) $ 19.49
  • wrapped-eethWrapped eETH (WEETH) $ 2,974.85
  • hedera-hashgraphHedera (HBAR) $ 0.173713
  • shiba-inuShiba Inu (SHIB) $ 0.000012
  • usdsUSDS (USDS) $ 0.999740
  • wethWETH (WETH) $ 2,773.74
  • the-open-networkToncoin (TON) $ 2.86
  • litecoinLitecoin (LTC) $ 90.85
  • whitebitWhiteBIT Coin (WBT) $ 46.66
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • moneroMonero (XMR) $ 327.56
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 111,144.00
  • polkadotPolkadot (DOT) $ 3.64
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • bitget-tokenBitget Token (BGB) $ 4.45
  • uniswapUniswap (UNI) $ 8.18
  • pepePepe (PEPE) $ 0.000011
  • aaveAave (AAVE) $ 298.69
  • daiDai (DAI) $ 1.00
  • pi-networkPi Network (PI) $ 0.470591
  • bittensorBittensor (TAO) $ 349.22
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.18
  • crypto-com-chainCronos (CRO) $ 0.095405
  • aptosAptos (APT) $ 4.60
  • okbOKB (OKB) $ 48.56
  • nearNEAR Protocol (NEAR) $ 2.35
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • jito-staked-solJito Staked SOL (JITOSOL) $ 191.08
  • internet-computerInternet Computer (ICP) $ 5.15
  • ethereum-classicEthereum Classic (ETC) $ 17.64
  • ondo-financeOndo (ONDO) $ 0.839911
  • susdssUSDS (SUSDS) $ 1.06
  • usd1-wlfiUSD1 (USD1) $ 0.999927
  • kaspaKaspa (KAS) $ 0.081863
  • mantleMantle (MNT) $ 0.598544
  • cosmosCosmos Hub (ATOM) $ 4.33
  • vechainVeChain (VET) $ 0.022400
  • fasttokenFasttoken (FTN) $ 4.45
  • gatechain-tokenGate (GT) $ 16.11
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.206960
  • official-trumpOfficial Trump (TRUMP) $ 9.16
  • ethenaEthena (ENA) $ 0.288367
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.700774
  • arbitrumArbitrum (ARB) $ 0.357704
  • render-tokenRender (RENDER) $ 3.38
  • skySky (SKY) $ 0.081978
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,774.89
  • algorandAlgorand (ALGO) $ 0.193327
  • filecoinFilecoin (FIL) $ 2.44
  • bonkBonk (BONK) $ 0.000021
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 110,518.00
  • worldcoin-wldWorldcoin (WLD) $ 0.921393
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.61
  • binance-staked-solBinance Staked SOL (BNSOL) $ 166.98
  • sei-networkSei (SEI) $ 0.265459
  • usdtbUSDtb (USDTB) $ 1.00
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.998272
  • kucoin-sharesKuCoin (KCS) $ 11.17
  • spx6900SPX6900 (SPX) $ 1.50
  • jupiter-exchange-solanaJupiter (JUP) $ 0.456066
  • usdt0USDT0 (USDT0) $ 0.999938
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,907.34
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,161.21
  • nexoNEXO (NEXO) $ 1.24
  • celestiaCelestia (TIA) $ 1.68
  • flare-networksFlare (FLR) $ 0.016356
  • fartcoinFartcoin (FARTCOIN) $ 1.13
  • xdce-crowd-saleXDC Network (XDC) $ 0.068176
  • tokenize-xchangeTokenize Xchange (TKX) $ 12.41
  • injective-protocolInjective (INJ) $ 11.03
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 1.00
  • blockstackStacks (STX) $ 0.693497
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,967.88
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 2,913.62
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.016612
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.59
  • optimismOptimism (OP) $ 0.591342
  • sonic-3Sonic (S) $ 0.319385
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 110,867.00
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00
  • dogwifcoindogwifhat (WIF) $ 0.960036
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.11
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,917.51
  • pax-goldPAX Gold (PAXG) $ 3,321.27
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 110,805.00
  • flokiFLOKI (FLOKI) $ 0.000093
  • story-2Story (IP) $ 3.14
  • paypal-usdPayPal USD (PYUSD) $ 0.999570
  • the-graphThe Graph (GRT) $ 0.090336
  • kaiaKaia (KAIA) $ 0.151758
  • wbnbWrapped BNB (WBNB) $ 670.62
  • immutable-xImmutable (IMX) $ 0.455233
  • vaultaVaulta (A) $ 0.525137
  • clbtcclBTC (CLBTC) $ 111,786.00
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.38
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 176.68
  • tether-goldTether Gold (XAUT) $ 3,315.08
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 2,983.07
  • msolMarinade Staked SOL (MSOL) $ 205.61
  • curve-dao-tokenCurve DAO (CRV) $ 0.562847
  • theta-tokenTheta Network (THETA) $ 0.742004
  • lido-daoLido DAO (LDO) $ 0.790119
  • ousgOUSG (OUSG) $ 111.73
  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 10.74
  • galaGALA (GALA) $ 0.015429
  • iotaIOTA (IOTA) $ 0.173397
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.998368
  • ethereum-name-serviceEthereum Name Service (ENS) $ 20.26
  • zcashZcash (ZEC) $ 41.01
  • jito-governance-tokenJito (JTO) $ 1.91
  • raydiumRaydium (RAY) $ 2.46
  • the-sandboxThe Sandbox (SAND) $ 0.269137
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.09
  • jasmycoinJasmyCoin (JASMY) $ 0.013004
  • super-oethSuper OETH (SUPEROETH) $ 2,773.42
  • aerodrome-financeAerodrome Finance (AERO) $ 0.727438
  • bittorrentBitTorrent (BTT) $ 0.00000063
  • wrapped-hypeWrapped HYPE (WHYPE) $ 41.45
  • pendlePendle (PENDLE) $ 3.71
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 2,967.29
  • pyth-networkPyth Network (PYTH) $ 0.105802
  • saros-financeSaros (SAROS) $ 0.229864
  • tezosTezos (XTZ) $ 0.562288
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 110,716.00
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 2,926.20
  • usual-usdUsual USD (USD0) $ 0.998014
  • tbtctBTC (TBTC) $ 111,097.00
  • memecoreMemeCore (M) $ 0.364860
  • newton-projectAB (AB) $ 0.008598
  • walrus-2Walrus (WAL) $ 0.416091
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,774.89
  • flowFlow (FLOW) $ 0.351580
  • syrupMaple Finance (SYRUP) $ 0.520934
  • decentralandDecentraland (MANA) $ 0.286367
  • falcon-financeFalcon USD (USDF) $ 0.997045
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 110,989.00
  • coredaoorgCore (CORE) $ 0.513526
  • morphoMorpho (MORPHO) $ 1.60
  • bitcoin-svBitcoin SV (BSV) $ 25.48
  • apecoinApeCoin (APE) $ 0.633231
  • ripple-usdRipple USD (RLUSD) $ 0.999792
  • thorchainTHORChain (RUNE) $ 1.41
  • true-usdTrueUSD (TUSD) $ 0.999417
  • based-brettBrett (BRETT) $ 0.049711
  • mog-coinMog Coin (MOG) $ 0.000001
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,773.76
  • chain-2Onyxcoin (XCN) $ 0.014010
  • staked-hypeStaked HYPE (STHYPE) $ 41.40
  • venomVenom (VENOM) $ 0.224494
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999804
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.180362
  • usddUSDD (USDD) $ 1.00
  • reserve-rights-tokenReserve Rights (RSR) $ 0.007595
  • dexeDeXe (DEXE) $ 7.75
  • heliumHelium (HNT) $ 2.39
  • starknetStarknet (STRK) $ 0.122334
  • apenftAPENFT (NFT) $ 0.00000044
  • beldexBeldex (BDX) $ 0.061296
  • dog-go-to-the-moon-runeDog (Bitcoin) (DOG) $ 0.004365
  • kavaKava (KAVA) $ 0.402005
  • stader-ethxStader ETHx (ETHX) $ 2,953.29
  • dydx-chaindYdX (DYDX) $ 0.569958
  • compound-governance-tokenCompound (COMP) $ 45.25
  • neoNEO (NEO) $ 5.89
  • hashnote-usycCircle USYC (USYC) $ 1.09
  • ether-fiEther.fi (ETHFI) $ 1.10
  • elrond-erd-2MultiversX (EGLD) $ 14.27
  • usdbUSDB (USDB) $ 0.994199
  • conflux-tokenConflux (CFX) $ 0.078048
  • eigenlayerEigenCloud (prev. EigenLayer) (EIGEN) $ 1.26
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 1.00
  • ecasheCash (XEC) $ 0.000019
  • movementMovement (MOVE) $ 0.147959
  • deepDeepBook (DEEP) $ 0.153634
  • axie-infinityAxie Infinity (AXS) $ 2.29
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,061.59
  • aioz-networkAIOZ Network (AIOZ) $ 0.317874
  • build-onBUILDon (B) $ 0.374386
  • eosEOS (EOS) $ 0.522089
  • ether-fi-staked-btcEther.fi Staked BTC (EBTC) $ 110,411.00
  • swethSwell Ethereum (SWETH) $ 3,035.40

Ethereum Reclaims $2,500 In Squeeze-Driven Rally – But Can It Hold?

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Ethereum Reclaims $2,500 In Squeeze-Driven Rally – But Can It Hold?

Ethereum (ETH) has recorded strong gains over the past two weeks, rising from $2,111 on June 12 to $2,515 on June 25, reigniting hopes for a sustained bullish rally that could push the digital asset beyond the crucial $3,000 level.

Ethereum Rally Marked By Shift In Dynamics

According to a recent CryptoQuant Quicktake post by contributor Amr Taha, Ethereum’s latest rally has been accompanied by a notable shift in market dynamics – including a flip to positive funding rates, a potential short squeeze, and a rise in ETH inflows to Binance crypto exchange.

Recent data from Binance reveals a significant shift in ETH funding rates from negative to positive. Positive funding rates typically indicate that traders are opening or holding leveraged long positions, reflecting expectations of further upside.

Ethereum Reclaims $2,500 In Squeeze-Driven Rally – But Can It Hold?

However, rising funding rates may also raise the risk of a short-term price pullback if long positions become overextended. Data from CoinGlass shows that 68.15% of liquidations over the past 24 hours were long positions – highlighting this risk.

Taha also emphasized the role of a short squeeze in Ethereum’s recent price surge and the increase in funding rates. As ETH’s price climbed, it retested the previous short-squeeze zone around $2,500. He explained:

In that earlier event, short positions were forcibly closed by initiating aggressive market buy orders to cover their exposure, triggering a cascading effect known as a short squeeze. This dynamic occurs when traders who had bet against ETH (shorts) are forced to close their positions by aggressively buying back the asset to limit losses.

Meanwhile, ETH inflows to Binance have also spiked. On-chain exchange data suggests that 177,000 ETH was deposited into Binance over a three-day period – an unusually high volume.

Such a surge typically signals increased selling pressure or large-scale repositioning by major holders. Large transfers of ETH to exchanges often precede either potential sell-offs or liquidity provisioning.

In conclusion, Taha noted that while a short-term correction may be likely, ETH’s breakout above $2,500 underscores the aggressive speculative activity driving its recent price action. Traders are advised to closely monitor funding rates and exchange flows for signs of an impending retracement.

ETH Bulls Take The Charge

Recent technical analysis suggests ETH may be gearing up for a breakout above the $2,800 resistance level. The asset also recently formed a golden cross on the daily chart, fuelling speculation that a new all-time high (ATH) could be within reach.

That said, ETH is not entirely in the clear. Technical analyst Crypto Wave recently predicted that the cryptocurrency may revisit lower levels in the $1,700 to $1,950 range. At press time, ETH trades at $2,429, down 0.4% over the past 24 hours.

Ethereum Reclaims $2,500 In Squeeze-Driven Rally – But Can It Hold?

Featured image from Unsplash, charts from CryptoQuant and TradingView.com

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