Ether Bulls Take Charge as Shorts Get Obliterated—ETH Rally Has Legs, Says Top Crypto Data Firm

BTCC / BTCC Square / CoindeskEN /

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2025-05-16 12:11:17

Ether Bears Are Done and That’s Fueling ETH’s Surge, Crypto Benchmark Issuer Says

Bears who bet against Ethereum are licking their wounds today as ETH surges past key resistance levels. One major benchmark provider confirms the squeeze is far from over.

Blood in the water

Liquidations hit $85M in 24 hours as ETH’s 18% monthly gain steamrolls skeptics. ’This isn’t just spot buying—derivatives markets are fueling the fire,’ notes the firm behind a widely-tracked crypto index.

Wall Street’s FOMO playbook

Institutional inflows hit $1.2B this month as TradFi finally wakes up to staking yields. Too bad most are still overpaying for ’crypto exposure’ via their favorite underperforming ETF.

The rally proves crypto’s oldest truth: markets move fastest when shorts get wrecked. Next stop? A retest of $4,800—or another round of hedge fund tears.

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