Analyst Merlijn claims that the ETH price uptrend channel has opened, targeting $20,000; BitBull indicates that if the weekly close is above $4,100, there may be a new high within 1-2 weeks, driven by short squeezes and institutional buying.

This ETH rally is really exciting, and after breaking $4,200, market sentiment has skyrocketed, with the probability of Polymarket hitting a new high rising to 74%. It feels like the alt season is finally coming.

However, the whale AguilaTrades just opened a short position of 10,000 ETH with 25x leverage, worth $42 million. This dramatic move reminds me of the Abraxas incident with a floating loss of $190 million; the leverage game is too risky.

Contact Arthur Hayes about low selling and high buying of ETH ecosystem coins; capital rotation is evident.

In the next 1-2 weeks, watch the $4,100 level. If it breaks to a new high, altcoins like SOL may follow with gains of 40%+, but be cautious of pullbacks. It is advisable to set stop-losses instead of going all in.