The pulse of the cryptocurrency market is beating particularly fiercely at this moment, especially the trend of Ethereum, which has evidently become the eye of the storm stirring the entire situation. Data shows that the current ETH price only needs to rise by another 3 percentage points, and the staggering $1.66 billion in short positions in the market will instantly reach the liquidation line, setting the stage for a thrilling 'liquidation drama' that could unfold at any moment.

For those heavily shorting, this 3% increase has undoubtedly become a heavy stone pressing on their hearts. Every slight fluctuation in price feels like a hammer striking against their taut nerves, and their palms must have long since soaked the keyboard with cold sweat. This $1.66 billion in short positions hanging over their heads is like a gleaming sword of Damocles, with the thread worn to the extreme; no one knows if it will suddenly drop in the next second.

Once these massive shorts are forcibly liquidated, the chain reaction it triggers will be unimaginable. Short liquidations mean a concentrated explosion of buying activity; the market, already rife with undercurrents, will be instantly injected with a large influx of buy orders, further triggering a more vigorous short squeeze. At that time, the price of ETH could soar like a rocket breaking free from its restraints, rapidly blasting through key resistance levels. Not only would reaching recent highs not be a fantasy, but even approaching the $5,000 mark would not be out of the question. After all, in the crypto market, such price surges triggered by extreme emotions and capital resonance are not happening for the first time.

Ultimately, in the face of the market, respecting trends is always the first rule of survival. Currently, institutional capital is accelerating its influx into the crypto space, and macro-level sentiments are continuing to warm up, with various signals pointing in a clear direction. At this time, daring to heavily short Ethereum is less about being a 'warrior' taking a gamble and more about a disregard for market trends. One should know that those who go against the trend often find themselves harshly battered by the torrents of the market; the final outcome is likely not to stand at the peak but to fall into the abyss.