#ETHBreakout3.5k Ethereum is trading around $3,550, holding steady despite a slight 0.03% uptick today. A powerful short squeeze is unfolding—analysts forecast a potential push toward $4,000, with another 10% rally triggering around $1 billion in short liquidations . This surge builds on a 20% weekly climb, driven by institutional flows, spot‑ETF interest, and U.S. stablecoin regulation . Longer-term, bullish targets range from $4 k to $7 k (some see even higher), underpinned by growing DeFi/treasury demand .