Odaily Planet Daily News: The Kobeissi Letter said in its latest analysis released on Friday that ETH/USD will soon hit $4,000. Ethereum is currently brewing a short squeeze that is rare in crypto history. If the price rises another 10%, $1 billion worth of short positions will be liquidated. The blowup of short positions may push the price of ETH back to $4,000. Ethereum is currently priced at $3,553, and its recent price trend has been called "making history." ETH's rise has triggered a record short squeeze. Kobeissi said that as the largest altcoin by market value, Ethereum is "punishing" shorts at an extremely rare rate. (Cointelegraph)