Ethereum is crushing short sellers hard. Another 10% rise could wipe out positions worth up to $1 billion. At the same time, the cryptocurrency would strengthen its push above the psychological $4,000 mark. #ETH🔥🔥🔥🔥🔥🔥

ETH is currently trading at $3,753 and, according to some analysts, is rewriting history. Its steep rise has started a massive short squeeze that has the potential to be one of the largest in crypto history.

A new analysis by The Kobeissi Letter, published late last week, estimates that the ETH/USD pair is on track to quickly reach the $4,000 level.