$ETH

Smashes Through $4K as Shorts Get Wrecked 🚀

Ethereum ($ETH) has surged past the $4,000 level, crushing high-leverage short positions. One trader on 25× leverage suffered a $15.8M loss and is still down $3.3M.

A major short squeeze is underway — over $76M in ETH shorts have been liquidated in the last 24 hours. Analysts warn that holding above $4K could trigger another $331M in liquidations.

Institutional demand is heating up 🔥. ETH ETFs have pulled in $9.5B in inflows so far, with a single-day record of $727M. On-chain data suggests $4,900 as the next major target, echoing past rallies where ETH doubled in price.

Bottom line: Shorts are bleeding, institutions are buying, and momentum is on fire. But if $4K fails to hold, a sharp correction could follow.