Ethereum Short Squeeze Don Spark Bullish Rally Toward $4,000
Ethereum short squeeze dey sharp as leveraged short positions don pass $1 billion, and if price rise another 10%, e fit trigger more liquidations. ETH don rally about 20% dis past week reach $3,610 for Bitstamp, building on 150% gain so far this year. Funding rates for perpetual swaps don turn positive, and derivative open interest dey at multi-month high. Bulls dey talk MACD golden cross, RSI pass 60, less sell pressure from EIP-1559 burns, and upcoming Shanghai upgrade as catalysts. Bitcoin dominance don drop to 61.4%, wey dey make capital move enter altcoins like ETH and XRP. Analysts dey see Ethereum aiming $4,000—up 15–20%—but dem dey warn for risks from US monetary policy changes and big profit-taking. Traders suppose dey monitor funding rates, open interest, liquidation levels, and BTC dominance to sabi momentum and control risk.
Bullish
Ethereum short squeeze dey continue, wit over $1 billion leverage short dem risk, plus positive funding rates, de open interest dey rise, bullish technical signs (MACD golden cross, RSI >60), less sell pressure from EIP-1559 burns, and the upcoming Shanghai upgrade, all these dey push strong upward momentum. De recent 20% weekly rally and capital wey dey move into ETH alongside low Bitcoin dominance support de bullish view well well. Short term, forced liquidations plus good market feeling fit push ETH go $4,000. Long term, network upgrades and continuing altcoin momentum fit maintain gains, but traders need watch US monetary policy changes and possible profit-taking as big risks.