Ethereum Wipes $500M in Shorts as Bulls Eye Breakout

Ethereum (ETH) witnessed a dramatic $500 million short liquidation on June 16, 2025, sparking renewed bullish hopes. Despite volatile macroeconomic conditions and mounting geopolitical tensions, particularly the Israel-Iran conflict, Ethereum managed to trade resiliently above the $2,400 mark. This short squeeze, combined with shifting on-chain signals, suggests the potential for a significant breakout if key […]