Ethereum Aims for 2000 as Binance Supply Declines: A Short Squeeze on the Horizon?
Ethereum has entered a recovery phase, currently trading above 1800 after a 15.3% gain over the past two weeks. Despite wavering investor confidence and a drop in public interest, ETH demonstrates resilience, with eyes set on the 2000 mark.
This upward movement occurs despite concerns circulating in the market. As Binance’s supply diminishes, anticipation of a potential short squeeze grows, which could further propel ETH’s price.
Investors are urged to keep a close watch on market dynamics, as ETH continues to display signs of strength amid a challenging landscape.