Ethereum bulls lead, $14M shorts liquidated - $5000 in sight?

Ethereum

Ethereum bulls lead, $14M shorts liquidated – $5000 in sight？

Bitcoin Ethereum News

Key Takeaways

Rising Open Interest signals growing speculative appetite

Ethereums Open Interest (OI) has climbed to $32.27 billion, marking a 4.11% rise in 24 hours, at press time. This steady increase reflects growing speculative positioning, with traders expanding both long and short exposure.

Historically, surging OI during bullish phases often amplifies volatility as leveraged players battle for control. If sustained, this growth suggests confidence in Ethereums breakout potential.

However, it also raises the risk of sharper liquidations, especially near clustered levels like $4,700. The market‘s willingness to expand risk highlights Ethereum’s evolving role as traders prepare for decisive moves.

Source: CryptoQuant

Liquidation charts expose shorts under heavy pressure

Source: CoinGlass

Binance clusters now shift focus to higher battlegrounds

Binance liquidation data identified $4,700 as the critical pressure zone. With Ethereum now trading above this level, the focus shifts to the next clusters.

Heavy concentrations of leverage remain just above the breakout zone, meaning volatility could intensify as price probes higher ranges. If Ethereum holds momentum, cascading liquidations may drive swift continuation toward the $4,900–$5,000 corridor.

Conversely, if ETH failed to consolidate above $4,700 could trigger a sharp retest. Still, with shorts already squeezed heavily, the probabilities lean toward bulls keeping control in this phase.