If Ethereum ($ETH) hits $4,000, a massive $835 million in short positions could be liquidated, potentially triggering a buying frenzy and pushing prices even higher.
What’s Driving This?
High-leverage short traders are at risk as bullish momentum builds. The $4,000 mark could act as the tipping point, sparking liquidations and accelerating an upward rally.
Key Levels to Watch
For Bulls: A breakout above $3,950 could trigger a short squeeze. Near-term targets are $4,200 and $4,500.
For Bears: If $ETH fails to sustain above $3,900, a retracement to $3,700 becomes likely.
Critical Signal
Keep a close eye on volume and momentum as ETH nears $4,000. The market may shift quickly, so be prepared for sharp moves in ei
ther direction.
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