PANews July 19 news, according to Cointelegraph, the latest analysis from Kobeissi Letter shows that ETH/USD may soon reach $4,000, while the current price is $3,553. As the largest altcoin by market capitalization, ETH is punishing short positions at an unprecedented rate, and the market is witnessing one of the largest short squeezes in cryptocurrency history. Data analysis suggests that if Ethereum rises another 10%, an additional $1 billion in short positions will be liquidated.
