KZG Crypto
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Kobeissi analysis states that ETH is about to experience a record short squeeze, soon reaching $4000. The current price is $3553, and a 10% increase will liquidate $1 billion in shorts.
This surge in ETH is extremely strong, practically punishing short sellers. I believe this is a sign of a DeFi summer, especially after the GENIUS Act bans yield stablecoins, funds will flow into ETH staking.
With yesterday's $400 million net inflow into ETFs and whales increasing their positions, the market is building momentum.
In the short term, be cautious of a pullback to support, but once it breaks $4000, altcoin season will arrive. I recommend locking in ETH and waiting for a rebound, don't rush to leverage up.
This surge in ETH is extremely strong, practically punishing short sellers. I believe this is a sign of a DeFi summer, especially after the GENIUS Act bans yield stablecoins, funds will flow into ETH staking.
With yesterday's $400 million net inflow into ETFs and whales increasing their positions, the market is building momentum.
In the short term, be cautious of a pullback to support, but once it breaks $4000, altcoin season will arrive. I recommend locking in ETH and waiting for a rebound, don't rush to leverage up.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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