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May 2, 2025

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.

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