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\n\t\t\t\t\t\t\t\t\tEther prices have reached their highest level since early June as analysts eye its next move.\u00a0\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
ETH tapped a six-week high of $1,940 in late trading on Wednesday and has held on to those gains into Thursday morning, where it remained above $1,900.<\/p>\n
CryptoQuant analyst \u2018Darkfost\u2019 said on Thursday that the move was driven by positive inflation reports in the US, with CPI and PPI figures that came in<\/a> well below expectations. ETH has posted nearly 10% gains over the past two consecutive days, he said.<\/p>\n \u201cSince a low of around $1,500 in June, ETH appears to have entered a genuine shift in momentum, now showing a performance of over 25% for the period.\u201d<\/p>\n<\/blockquote>\n The analyst added that the recent surge isn\u2019t solely down to the strong macro data. \u201cIt also owes a great deal to the wave of short position liquidations that had been building up on Binance throughout the move.\u201d<\/p>\n It was one of the largest \u201cshort squeezes\u201d ETH has experienced on the exchange since June, with almost $30 million in futures wiped out in an hour or so.\u00a0The largest single liquidation order over the past 24 hours happened on Binance with ETH\/USDT valued at $11.9 million, according to Coinglass.<\/p>\n \u274c $30M in Shorts Liquidated in an Hour as ETH Breaks $1,900.<\/p>\n Driven by excellent CPI figures yesterday, followed today by a Producer Price Index (PPI) print that came in well below expectations (-0.3%), ETH has posted a performance of nearly 10% over these two consecutive days.\u2026 pic.twitter.com\/HzGbUwc5RM<\/a><\/p>\n \u2014 Darkfost (@Darkfost_Coc) July 15, 2026<\/a><\/p>\n<\/blockquote>\n Arden House founder Alaoui Capital posted<\/a> a heatmap showing that $2,000 is the level ETH \u201cwants to test before anything else.\u201d\u00a0Meanwhile, analyst \u2018Satoshi Flipper\u2019 said<\/a> that ETH has now broken out from its downtrend against Bitcoin, which is also bullish for altcoins.<\/p>\n \u201cETH just woke up,\u201d said<\/a> former BlackRock vice president and MilkRoad host John Gillen.<\/p>\n He added that bulls need to keep an eye on the $1,950 level at the 100-day exponential moving average, then $2,000. \u201cCrack that and $2,200 comes into play, and then it could be off to the races,\u201d he said.<\/p>\n \u201cThis summer just got interesting. Price may finally be reacting to strengthening fundamentals in Ethereum and in ETH the asset.\u201d<\/p>\n<\/blockquote>\n Total capitalization has remained flat on the day at $2.3 trillion as ETH is the only mover, up 3.2%<\/p>\n Bitcoin was cooling after its venture above $65,000, and most of the altcoins were flat. There were minor gains for XRP, Zcash, and Stellar, but it is Ethereum stealing the show at the moment.<\/p>\n <\/p><\/div>\n\n
Ether Short Squeeze Pumps Prices<\/h2>\n
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