$11.6B ETH Short Squeeze Looms

The Ethereum price is once again experiencing a whirlwind of new price plunges and pitfalls. The asset is currently sitting at $4120, up 2% in the last 24 hours, but is still up for a shakeup in the future with a spree of new liquidations waiting to gnaw at the new Ethereum ATH. Will ETH be able to resist such sharp pangs of volatility to aim for a new price high consistently? Let’s find out.

Also Read: Ethereum Price is Down 23% Since It’s Last ATH: When Will It Recover?

Massive Liquidations Waiting To Hit ETH

According to a recent update by the Whale Insider, nearly $11.6B in shorts are currently in line to liquidate as soon as the Ethereum price hits a new high target. This will once again push the price of ETH down, making it difficult for the asset to gain further momentum.

“JUST IN: Over $11.6 billion in $ETH short positions will be liquidated when the price reaches a new all-time high.”

While this move is poised to deliver a significant pitfall for the token to experience, ETH proponents are viewing this move as another possible shot for Ethereum to leverage and adapt.

“If $ETH moves right, shorts won’t just get wrecked; they’ll fund the rally.”

In the middle of this, leading cryptocurrency experts continue to issue bullish price projections for the Ethereum price to conquer. Per Titans of Crypto, Ethereum is targeting a new high of $6400, as its chart is displaying a bullish W structure, indicative of its new price path and trajectory.

“#Ethereum Highest Quarter in History? If #ETH closes above $3,700, this would mark the highest quarterly close ever. Only 2 days left until the Q3 candle closes.If confirmed, the W structure breakout points to a target around $6,400.”

Asset’s Technical Analysis

According to CoinCodex ETH data, the Ethereum price is currently eyeing a new high of $6894 by December 2025, mirroring the experts’ price projection above.

ETH STATS
Source: CoinCodex

“According to our current Ethereum price prediction, the price of Ethereum may rise by 67.48% and reach $6,894.58 by December 28, 2025. Per our technical indicators, the current sentiment is neutral, while the Fear & Greed Index is showing 37 (fear). Ethereum recorded 14/30 (47%) green days with 4.31% price volatility over the last 30 days. Based on the Ethereum forecast, it’s now a good time to buy Ethereum.”

Also Read: Gemini Says XRP 5‑Year ROI Beats Bitcoin, Ethereum

  • eth price prediction
  • Ethereum price
  • ethereum price analysis

Comments

Post a Comment

Popular posts from this blog

Is it too late to invest in XRP?

Image
Although the majority of assets in the cryptocurrency market have turned a green leaf in what looks like the beginning of what Bloomberg has referred to as a ‘fresh supercycle,’ XRP has not been performing as well recently, but expectations of a bullish rally remain. So, is it too late to invest in it? As it happens, XRP might rally as much as 120% in the next six months, provided that one of the two potential correction scenarios plays out, which could send the asset to new heights, challenging even the July highs triggered by the United States Federal Judge declaring its retail sales by Ripple as non-securities. Potential scenarios Specifically, one of these scenarios sees the XRP token correcting to $0.51, from which it would rally around 85% within the next six months, whereas dropping to $0.43 could send it upwards by as much as 120%, according to a recent chart Analysis . XRP price analysis and prediction chart. Source: TradingView Indeed, taking into account this chart pa...
Read more

Crypto Twitter explodes over the news of Sam Bankman-Fried's arrest

US politicians, crypto execs, and influencers fired up their Twitter apps upon learning of Sam Bankman-Fried's arrest in The Bahamas. Crypto Twitter has blown up over the shocking news of Sam Bankman-Fried’s arrest in The Bahamas — many of whom weren’t expecting it to happen so soon.  On Dec. 12, the disgraced FTX founder was arrested by the Royal Bahamas Police after receiving notification from the United States government that criminal charges has been filed against him. Within hours, politicians, crypto executives and influencers all booted up their Twitter apps to comment on the arrest of the FTX’s former CEO. New York Democratic Congresswoman Alexandria Ocasio-Cortez, who’s held a fairly neutral view on the crypto industry to date, told her 13.4 million Twitter followers that Bankman-Fried’s was a step in the right direction towards “justice being served,” but noted that the arrest would likely postpone Bankman-Fried’s testimony before the House Financial Services Committee, ...
Read more

Crypto Strategist Unveils Bitcoin Path to New All-Time High Next Month, Says Plenty of Liquidity To Trigger Run for Altcoins

Image
A crypto analyst gaining traction for timely Bitcoin calls is outlining a scenario where BTC breaks free from sideways trading and surges to new all-time highs. Pseudonymous analyst Credible tells his 468,700 followers on the social media platform X that Bitcoin appears to be following an Elliott Wave (EW) pattern where BTC consolidates in the next few weeks before igniting a breakout rally toward the end of July. Elliott Wave theory is an advanced form of technical Analysis that seeks to forecast future price movements by tracking crowd psychology, which often unfolds in recurring wave patterns. Says Credible, “BTC holding up very well over the last few days. As stated in my last update, I think we will test the blue zone sooner or later, whether that be before or after taking our local range highs. From an EW perspective, something like this would be ideal. Although there are, of course, a few different structures that we may see to complete this corre...
Read more