ETH short squeeze wipe out 105 million dollars as ETH jump pass 4,000
One ETH short squeeze wipe out $105M as Ether surge pass $4,000. Short liquidations make 53% of total crypto short liquidations, with $199.6M canceled across markets. Within 24 hours, combined ETH long and short liquidations hit $129.2M. ETH peak reach $4,060 before settle near $4,015. Traders dey eye breakout above $4,100 resistance level. One strong move fit trigger another ETH short squeeze go $4,400–$4,500. Spot Ethereum ETF inflows reach $537M over four days, support the rally, and show say institutional demand dey rise. For X, Eric Trump talk say ETH shorts dem “smoked.” Analyst Ash Crypto flag $4.1K as critical point, while trader Moustache talk about bullish wedge pattern. Fundstrat’s Tom Lee compare this rally to Bitcoin 2017 run and set target of $16,000. This event show strong bullish momentum and positive outlook for Ethereum market.
Bullish
Heavy short liquidations plus one surge pass key resistance levels don trigger bullish momentum for ETH. The $105M short squeeze dey reduce selling pressure, while $537M ETF inflows dey show say institutional demand dey rise. If e fit break pass $4,100, e fit carry am go further levels like $4,400–$4,500. Analysts don extend their targets to as high as $16,000, plus technical patterns like the descending broadening wedge dey support steady uptrend. Overall, this event dey show strong upward pressure on ETH both short and long term.