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Analysis: Ethereum is about to see a record short squeeze and will soon rise to $4,000
Odaily News The Kobeissi Letter said in its latest analysis released on Friday that ETH/USD will soon hit $4,000. Ethereum is currently brewing a short squeeze that is rare in crypto history. If the price rises another 10%, $1 billion worth of short positions will be liquidated. The liquidation of short positions may push the price of ETH to rebound to $4,000. Ethereum is currently priced at $3,553, and its recent price trend has been called making history. ETHs rise has triggered a record short squeeze. Kobeissi said that as the largest altcoin by market value, Ethereum is punishing shorts at an extremely rare rate. (Cointelegraph)
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