ETH drops below 2050 USDT

Ethereum Jumps 25% After $1750 Liquidity Sweep As Traders Eye $2500 Zone

_Ethereum surged about 25% from $1,750 to near $2,200 after a liquidity sweep triggered strong buying activity._ _Around 3.4M ETH is waiting in the validator queue, one of the longest lines since Ethereum moved to proof of stake._ _Trader 0xA5e4 lost $1.53M after a $31M ETH short

ETH Breaks Through 2150 USDT

Gate News bot message, Gate market display, ETH has broken through 2150 USDT, now priced at 2150.56 USDT.

Data: If ETH drops below $2,039, the total long liquidation strength on major CEXs will reach $979 million.

ChainCatcher Message: According to Coinglass data, if ETH drops below $2,039, the total liquidation strength of long positions on major CEXs will reach $979 million. Conversely, if ETH breaks above $2,249, the total liquidation strength of short positions on major CEXs will reach $735 million.

A whale contract trader's short position reaches $32 million, with an unrealized profit of $4.5 million.

According to Arkham monitoring, 0x58bro profited $4.5 million from shorting altcoins, mainly from shorting ETH, with a gain of $3.04 million. He plans to short an additional $1.3 million when ETH price reaches between $2,220 and $2,490, and his current unrealized profit has already reached $4.5 million.