tldr; Ether (ETH) is experiencing one of the largest short squeezes in crypto history, with a 20% price gain over the past week and a potential rise to $4,000 soon, according to The Kobeissi Letter. The short squeeze has already liquidated significant short positions, and another 10% increase could liquidate an additional $1 billion. ETH’s price strength is driving altcoin performance, while Bitcoin’s dominance in the crypto market has slightly declined. Analysts caution that market overheating could lead to capital shifting back to Bitcoin or stable assets.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
astralpeakz on
No reason ETH won’t run to $10k and beyond this cycle. It’s day has come 🚀
utilizatoru on
i think we are close to new ATH of $5k
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tldr; Ether (ETH) is experiencing one of the largest short squeezes in crypto history, with a 20% price gain over the past week and a potential rise to $4,000 soon, according to The Kobeissi Letter. The short squeeze has already liquidated significant short positions, and another 10% increase could liquidate an additional $1 billion. ETH’s price strength is driving altcoin performance, while Bitcoin’s dominance in the crypto market has slightly declined. Analysts caution that market overheating could lead to capital shifting back to Bitcoin or stable assets.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
No reason ETH won’t run to $10k and beyond this cycle. It’s day has come 🚀
i think we are close to new ATH of $5k