Basic Points:
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Ether is currently forgetting a short squeeze standing in crypto history, the review says.
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A 10% price increase will see another $ 1 billion in liquid shorts.
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Shorts should now fuel a $ 4,000 ETH price rebound.
Ether (Eth) is “making history” as the price of ETH gets a short squeeze for record books.
Fresh review From the Resource Resource Kobeissi’s letter issued on Friday today seeing ETH/USD hitting $ 4,000 “soon.”
Ether shorts risk penalty as eth eyes 2025 high
Ether price strength has become one of the July crypto market standouts as the Altcoins slowly start following Bitcoin (Btc) higher.
As the largest altcoin through the market cap, Ether is punishing short positions at a rate that is rarely seen before, Kobeissi reports.
“Ethereum makes history: We are currently witnessing one of the biggest short accumulations in crypto history,” summary it in a dedicated thread in X.
“The Ethereum has added +$ 150 billion to the market cap since July 1, the day after the Net Short Exposure hit record highs.”
Data from Cointelegraph Markets Pro and Tradingview Confirmed that ETH/USD gained 20% just last week.
Local highs of $ 3,610 in Bitstamp almost match the year-to-date records seen in early January. Compared to 2025 low, the pair climbed over 150%.
Now, Kobeissi not only sees the $ 4,000 coming next, but also continues a short squeeze.
“If Ethereum rises another 10%, another $ 1 billion of shorts is liquid,” it calculates next to data from resource coinglass monitoring.
“Moreover, the fact that many of these shorts are that -—Laves increases more pressure. The Ethereum can see $ 4,000 as soon as possible.”
Bitcoin’s dominance collapsed in March Lows
Meanwhile bitcoin Continue to combine Below a significant psychological score of $ 120,000.
Related: Bitcoin Golden Cross who sparks 2,000% captured by BTC is already here
At the same time, the capital has been reported to flow to the altcoins as entrepreneurs have eye -catching the potential for faster return.
Bitcoin’s dominance of the general cap of the crypto market stopped a multi-year uptrend, falling at 61.4% this week-the lowest value since March.
“$ BTC.D has just dropped 4.5% from the highs and we can see its impact on Alt and Alt/BTC pairs,” famous businessman Daan Crypto Trades observed in x Friday.
Crypto road trades have been able to break the decline of dominance in “outperformance” from ETH and XRP (XRP) in particular.
“When the market eventually seeks extra heat or trembling, the capital will flee back to $ BTC and cash/stables,” he warned, drawing a comparison in late 2024.
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
