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

Bears who bet against Ethereum are licking their wounds today as ETH surges past key resistance levels. One major benchmark issuer confirms the squeeze—and it’s not looking pretty for the shorts.

### The great ETH reckoning

Leveraged positions are getting liquidated faster than a hedge fund’s morals during bull market FOMO. On-chain data shows perpetual swap funding rates flipping positive as traders pile into long positions.

### Institutional fingerprints

Whales aren’t just buying—they’re borrowing ETH at record rates on DeFi platforms. Somebody’s building serious exposure while Wall Street still debates whether crypto is ’a real asset class’ (spoiler: it was).

The rally’s got teeth. With staking yields compounding and layer-2 adoption hitting escape velocity, ETH’s fundamentals finally match its price action. Just don’t tell the SEC.