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Ethereum longs surge despite bearish signals, traders eye key $2,419 resistance for recovery

Market News
27 May 2026
AMBCrypto
View Source
Neutral
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Ethereum traders have significantly increased their leveraged long positions, with a notable trader expanding a 25x leveraged ETH long to over 6,300 ETH despite facing large unrealized losses. This reflects strong speculative confidence in Ethereum's potential recovery, even as the price struggles below the critical $2,419 resistance level. Market data from Binance shows bullish sentiment dominates with long positions making up over 78% of trader activity, while funding rates remain strongly positive, indicating traders are willing to pay premiums to maintain bullish exposure. However, technical indicators like the Directional Movement Index suggest bearish trend strength still controls the market, highlighting the risk of a liquidation-driven correction if Ethereum fails to break above resistance.

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