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Ethereum jumps 6% to $2,719 after a massive Bitcoin-led short squeeze wipes out $700M in crypto positions.

Market News
21 Sep 2026
Crypto Briefing
View Source
Bullish
Ethereum jumps 6% to $2,719 after a massive Bitcoin-led short squeeze wipes out $700M in crypto positions.

Ethereum surged 6% to $2,719 on September 21, breaking a key resistance level at $2,672 following Bitcoin's rise above $85,000. This triggered a major short squeeze, liquidating over $700 million in crypto positions within 24 hours, with $313 million wiped out in just one hour. ETF inflows added buying pressure, pushing Ethereum's market cap to $330 billion, a high not seen since January 2026. The critical $2,672 level now acts as support, with traders eyeing a potential rise to $2,800-$3,000 if it holds.

Ethereum's market cap on Pluang stands at Rp5.970,17 trillion as of September 21, 2026, 21:21 WIB, with a 1-day price gain of 6.38%. Trading volume remains robust at Rp371,66 trillion, while most users lean towards selling with 75% sell orders. Bitcoin also shows strong momentum, priced at Rp1.523.010.285 with a 6.65% rise and a market cap of Rp30.505,88 trillion, highlighting continued interest in major cryptocurrencies on the platform.

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