Ether preps record short squeeze as analysis sees $4K ETH price 'soon'

'

Ether is currently forging a short squeeze that stands out in crypto history, says analysis.

A 10% price increase would see another $1 billion in liquidated shorts.

Shorts should now fuel a $4,000 ETH price rebound.

As the largest altcoin by market cap, Ether is punishing short positions at a rate rarely seen before, Kobeissi reports.

“Ethereum is making HISTORY: We are currently witnessing one of the LARGEST short squeezes in crypto history,” it summarized in a dedicated thread on X. 

“Ethereum has added +$150 BILLION in market cap since July 1st, days after net SHORT exposure hit record highs.”