coin-img-ETHETH+0.22%coin-img-BTCBTC+0.27%coin-img-SOLSOL+0.48%coin-img-UCNUCN+0.18%coin-img-XRPXRP+0.92%coin-img-USDCUSDC+0.04%coin-img-ASTERASTER+8.41%coin-img-BNBBNB-0.85%coin-img-ETHETH+0.22%coin-img-BTCBTC+0.27%coin-img-SOLSOL+0.48%coin-img-UCNUCN+0.18%coin-img-XRPXRP+0.92%coin-img-USDCUSDC+0.04%coin-img-ASTERASTER+8.41%coin-img-BNBBNB-0.85%coin-img-ETHETH+0.22%coin-img-BTCBTC+0.27%coin-img-SOLSOL+0.48%coin-img-UCNUCN+0.18%coin-img-XRPXRP+0.92%coin-img-USDCUSDC+0.04%coin-img-ASTERASTER+8.41%coin-img-BNBBNB-0.85%coin-img-ETHETH+0.22%coin-img-BTCBTC+0.27%coin-img-SOLSOL+0.48%coin-img-UCNUCN+0.18%coin-img-XRPXRP+0.92%coin-img-USDCUSDC+0.04%coin-img-ASTERASTER+8.41%coin-img-BNBBNB-0.85%
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Steve Muchoki

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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Technical AnalysisEthereum