Odaily Planet Daily News The Kobeissi Letter announced in its latest analysis released on Friday that ETH/USD will soon reach $4000. Ethereum is currently brewing a rare short squeeze in crypto history. If the price increases by another 10%, $1 billion worth of short positions will be liquidated. The liquidation of short positions could drive the ETH price back up to $4000. The current price of Ethereum is $3553, and its recent price trend has been described as 'making history'; the rise of ETH has triggered a record-breaking short squeeze. Kobeissi stated that as the largest altcoin by market capitalization, Ethereum is 'punishing' shorts at a remarkably rare pace. (Cointelegraph)