Ethereum Price Prediction: Here’s Why This ETH Bear Market is Officially Over

Ethereum (ETH) has jumped by 19% in the past 24 hours after pulling a massive short squeeze on the back of the SEC's newly proposed rules for the crypto market.

The crypto market saw $2.7 billion worth of bearish positions being blown up yesterday, potentially setting a new record.

This wipeout has spilled over to today's session, as short liquidations have now spiked to $3.1 billion in the past 24 hours, as multiple tokens broke above key resistances following the release of the "Regulation Crypto Assets" by the U.S. Securities and Exchange Commission (SEC).

Ethereum ETFs See Highest Single-Day Net Inflow Since October 2025

ETH alone accounts for $1 billion of that total, as the token broke past two key resistances — the $2,000 psychological threshold and the 200-day exponential moving average (EMA) at around$2,200.

A significant volume of stop orders for short positions probably sat above these levels, and that could have prompted a wave of short covering that fueled the rally to $2,300 at some point.

Trading volumes have shot up by 484% for ETH during this period, with $40 billion worth of the top altcoin exchanging hands during this period. This figure accounts for 14% of the asset's circulating market cap, and has revived a market that had been dormant for months.