Ethereum
Ethereum Price Jumps to About $2,420 as Shorts Get Squeezed
The Ethereum price was $2,417.10 at 09:48 GMT+1 on Thursday, up 4.07% over 24 hours, per TradingView . Ether has given back part of an overnight bounce that reached 7% at its strongest reading. Two explanations sit behind the move, and the morning’s data supports both of them. Short sellers were squeezed hard as the rebound ran, and US spot ether ETFs bought for the first time in seven sessions on Wednesday. The Ethereum price also outran bitcoin on the way up, which is a reversal of the pattern through most of October. The Ethereum Price Has Given Back Part...
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