Ethereum $7B Short Squeeze & Pepenode Mining Launch
Ethereum has slid 13% to $3,055, setting up a potential $7 billion Ethereum short squeeze. Rising short interest and improving technical indicators around the $3,000 resistance could trigger a rapid rebound above $4,100. Traders should track Ethereum short squeeze momentum for signs of a wider altcoin rally.
Meanwhile, Pepenode has launched a gamified mining pre-sale on Ethereum. Users buy and upgrade virtual miner nodes in a play-to-earn model. They mine meme coins like PEPE, PART and FART without hardware or high electricity costs. Pepenode tokens start at $0.0011363 with tiered price increases and staking bonuses. The project runs on an energy-efficient PoS consensus with 99.95% lower power consumption.
Pepenode targets a Q4 2025/Q1 2026 token generation event and exchange listings. Funds will support game upgrades, node expansion and meme-coin partnerships. Analysts project a 982% ROI by 2030, aiming for $0.0123 per token.
Crypto traders should watch Ethereum’s short squeeze setup and Pepenode pre-sale dynamics to gauge market sentiment and trading opportunities.
Bullish
The news of a potential $7 billion Ethereum short squeeze is a clear bullish signal. In the short term, accelerating short-covering could push ETH above key resistance near $4,100 as rising short interest and strong technicals converge. Such squeezes historically trigger rapid price spikes and lift broader altcoin sentiment. Over the longer term, a successful recovery may restore confidence in Ethereum’s technical setup and encourage renewed buying. While Pepenode’s gamified mining pre-sale adds innovation in the Ethereum ecosystem, its direct impact on ETH’s price is secondary. Taken together, these factors point to a bullish market reaction for Ethereum.