$ETH Blasts Past $4K as Short Sellers Get Crushed 🚀

Ethereum ($ETH) has ripped through the $4,000 mark, wiping out high-leverage short traders. One trader on 25× leverage took a $15.8M loss and is still $3.3M underwater.

A massive short squeeze is in play — over $76M in ETH shorts have been liquidated in the past 24 hours. Analysts say a sustained break above $4K could trigger another $331M in liquidations.

Institutions are fueling the fire 🔥. ETH ETFs have already attracted $9.5B in inflows, with a single-day record of $727M. On-chain signals point to $4,900 as the next key target, mirroring past rallies where ETH doubled in value.

$ETH

ETHUSDT

Perp

4,169.3

+6.43%

Bottom line: Shorts are bleeding, big players are buying, and momentum is surging. But if $4K fails to hold, brace for a sharp pullback.