Ethereum Breaks Record High Above $2,330: Momentum Fueled by Short Squeeze Activity

Ethereum has surged past the $2,330 mark, marking a new all-time high on intraday charts. This surge is being driven by short squeezes as buying pressure continues to fuel market momentum. The asset is currently trading above its key support level after bouncing back from the May rebound. Analysts attribute this rise to DeFi advancements and increased institutional investments.