Ethereum jumps 6% to $2,719 amid Bitcoin-led squeeze
Ethereum rose 6% to $2,719 on September 21, breaking above $2,672 Fibonacci resistance. The move followed Bitcoin topping $85,000 and liquidation of leveraged shorts reported as $700M wiped out.
Ethereum climbed 6% on September 21, reaching $2,719 and moving through a Fibonacci resistance level at $2,672 that had limited advances for months. The move came as Bitcoin surged above $85,000, helping trigger the move and adding fuel from a large build-up of leveraged short positions.