A storm is brewing in the Ethereum markets.
Over $2.16 billion worth of $ETH short positions are hanging by a thread—and the danger zone is clearly marked: $3,000. If Ethereum pushes through this key psychological and technical level, short sellers could face a brutal wipeout. 💣
The setup is classic: ETH has been building momentum, and with spot ETH ETF hype, whale accumulation, and broader market optimism, the pressure is mounting. Each green candle brings shorts one step closer to mass liquidation.
Why does this matter? 👇
Liquidations act like fuel in the fire. When shorts get wiped, it triggers forced buys—pushing ETH price even higher. That’s how short squeezes spiral fast. We’ve seen it before, and we might see it again.
So what’s next?
📌 If ETH breaks and holds above $3,000 with strong volume, expect explosive upside.
📌 If resistance holds, expect a pullback—but watch the 2.9K zone closely.
TL;DR:
The $3K level isn’t just another number—it’s a battlefield. Bulls are charging. Shorts are sweating.
Will ETH break through and unleash the squeeze? Stay tuned. 🚀
