Ether Short Positions Rise 13,000% Near Potential $2,800 Supply Zone

Ether short positions surged from just over 771 ETH to above 101,000 ETH in roughly two weeks, a 13,000% increase, as the price approached a potential $2,722-to-$2,822 supply zone. The sharp rise in bearish bets suggests traders expect resistance near that range, potentially capping upside for the second-largest cryptocurrency.