{"id":17578,"date":"2025-12-09T19:19:56","date_gmt":"2025-12-09T19:19:56","guid":{"rendered":"https:\/\/bitunikey.com\/news\/ethereum-price-may-flip-supertrend-as-shorts-liquidations-hit-120m\/"},"modified":"2025-12-09T19:20:11","modified_gmt":"2025-12-09T19:20:11","slug":"ethereum-price-may-flip-supertrend-as-shorts-liquidations-hit-120m","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/ethereum-price-may-flip-supertrend-as-shorts-liquidations-hit-120m\/","title":{"rendered":"Ethereum price may flip Supertrend as shorts liquidations hit $120m"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Ethereum price continued its uptrend today, Dec. 9, its highest point since Nov. 13, and 30% above its lowest level in November.<\/p>\n<div id=\"cn-block-summary-block_e330c9fcb5d5e84948ec2413f649ac7b\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Ethereum price has rebounded in the past few days as demand rose.<\/li>\n<li>The token is about to flip the Supertrend indicator from red to green.<\/li>\n<li>Ether shorts liquidations rose to over $120 million on Tuesday.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Ethereum (ETH) token soared to a high of $3,380 as the crypto market bounced back ahead of the Federal Reserve interest rate decision, scheduled on Wednesday.<\/p>\n<p>The coin is rising as market participants boost their odds for a cut. Polymarket and Kalshi data show that the odds of a cut jumped to 95%. In most cases, a cut typically leads to heightened demand for risky assets like cryptocurrencies and stocks.\u00a0<\/p>\n<p>Ethereum price also soared as shorts liquidations surged. CoinGlass data shows that these liquidations rose to over $120 million, second only to Bitcoin (BTC), whose liquidations hit $160 million. Short liquidations happen when leveraged positions lose so much value that their collateral is no longer sufficient to meet margin requirements.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Meanwhile, Ethereum\u2019s funding rate has remained positive in the past few weeks. A positive funding rate means that crypto traders holding long positions pay a fee to short sellers. It is a sign that they expect the token to continue rising in the near term.<\/p>\n<p>Ethereum\u2019s futures open interest has also bottomed over the past few days, suggesting it may start rebounding, which could boost the token.<\/p>\n<p>The token also rose after Tom Lee\u2019s BitMine continued its accumulation. The company bought tokens worth over $429 million, bringing its holdings to over $11 billion. Its hope is to own 5% of supply over time. This purchasing is happening as the supply of ETH in exchanges continues to fall to a record low.<\/p>\n<h2 class=\"wp-block-heading\">Ethereum price technical analysis\u00a0<\/h2>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Ethereum price chart | Source: crypto.news<\/figcaption><\/figure>\n<p>The daily chart shows that the ETH price has rebounded in the past few days, and is now hovering at its highest level in November.<\/p>\n<p>The token has moved above the upper boundary of the falling wedge pattern, a common bullish reversal sign.\u00a0<\/p>\n<p>It is also about to flip the Supertrend indicator from red to green. The last time this happened was in July and the coin then rebounded to a record high a few months after that. Such a move may push it to over $4,000 soon.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price continued its uptrend today, Dec. 9, its highest point since Nov. 13, and 30% above its lowest level in November. Summary Ethereum price has rebounded in the past&hellip;<\/p>\n","protected":false},"author":1,"featured_media":8702,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-17578","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/17578","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=17578"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/17578\/revisions"}],"predecessor-version":[{"id":17579,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/17578\/revisions\/17579"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/8702"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=17578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=17578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=17578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}