According to Crypto Rover, Ethereum (ETH) just reached the $2,600 mark, signaling renewed bullish momentum in the crypto market (source: Twitter @rovercrc, May 11, 2025). This breakout above the psychological resistance level is likely to attract increased spot trading volume and may trigger further liquidations of short positions. Traders should monitor for potential volatility and shifts in support/resistance zones, as this movement could influence altcoin performance and overall market sentiment.

According to Material Indicators (@MI_Algos), Ethereum (ETH) has posted a significant 34% gain on the weekly chart. The new Timescape Levels Indicator (beta) identifies strong technical resistance at the Q3 2024 Weekly Open, aligning with the 200-Week and 21-Week Simple Moving Averages (SMAs). Traders are advised to watch for a healthy support test before a potential resistance-support (R/S) flip, as these convergence points often act as critical decision zones for price action. Such technical confluence zones can influence short-term trading strategies and may signal increased volatility for crypto market participants (Source: Material Indicators via Twitter, May 10, 2025).

According to Crypto Rover, Ethereum (ETH) has just reclaimed the $2,300 price level, signaling renewed bullish momentum in the altcoin market (source: Crypto Rover on Twitter, May 9, 2025). This breakout above a major psychological resistance could trigger increased trading volume and attract both institutional and retail investors looking for upward price continuation. Traders are now closely monitoring the $2,300 support and resistance levels for potential short-term volatility and opportunities, as this move may influence the broader crypto market sentiment.

According to EmberCN on Twitter, a whale who previously shorted ETH at the $1,800 resistance level changed strategy by aggressively shorting during a price drop, borrowing 6,000 ETH ($10.58M) to sell at $1,764.7. As ETH rebounded shortly after, the whale now sits on an unrealized loss of $186,000. This behavior signals heightened risk for traders copying similar momentum shorts and suggests a potential short squeeze environment if ETH maintains strength above $1,760 (source: EmberCN, Twitter, May 1, 2025).