$ETH

Price Update:

ETH – $4,160.80 (+6.19%)

An aggressive trader just faced a massive $15.81M realized loss on a 25× leveraged short, still sitting on $3.3M in unrealized losses. But this is more than just another liquidation headline—it’s a sign of what’s powering Ethereum’s rally.

---

What’s Driving ETH Higher?

1️⃣ Short Squeeze Heating Up

In the last 24 hours, ETH saw $76M in short liquidations, out of $103M total across the market.

Analysts say breaking above $4,000 could trigger as much as $331M in further liquidations.

2️⃣ Institutional Money & ETF Inflows

ETH futures open interest has reached an all-time high of $58B.

ETH/BTC just broke above its 200-week EMA—a major technical milestone.

U.S. spot ETH ETFs have pulled in over $9.5B in net inflows, including one day with a record $727M spike.

3️⃣ On-Chain Strength & Bullish Signals

Glassnode data suggests ETH could target $4,900, supported by strong profit buffers and rising open interest.

Glassnode’s co-founder notes network growth and liquidity patterns resemble past market bottoms—historically followed by 100% rallies.

---

Why This Matters for Traders

1. High-leverage shorts are being wiped out, fueling bullish momentum.

2. Institutional demand is providing a stronger foundation than pure speculation.

3. Technicals and on-chain data are aligning for a major breakout.

---

📌 Trading Takeaways

Watch the $4K level: A breakout is huge, but pullbacks could be sharp.

Monitor ETF flows & open interest: They reveal where big money is moving.

The squeeze is underway—momentum is on the bulls’ side.