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Ethereum Price Forecast: As This Historical Pattern Repeats Can ETH Surge Beyond $3,000?
The rally has pushed Ethereum’s monthly gains to 59.4% and has trimmed its yearly losses from nearly 50% to 28.7%. Meanwhile, trading volumes in the past 24 hours have more than doubled as FOMO has kicked in. Nearly $880 million worth of short positions in the crypto market have been wiped out in the past 24 hours. Ethereum alone accounts for $300 million of that total, emphasizing how the rally has been exacerbated by an ongoing short squeeze. Open interest in Ethereum futures has also jumped to the highest level since February 3. For months, traders had shunned ETH as the token experienced a much sharper downturn ... (full story)
