“Ether Short Squeeze Could Propel Price to $4,000 as Bitcoin Dominance Falters”

Ether is currently experiencing a significant short squeeze in the crypto market, according to recent analysis. If Ether's price increases by 10%, it could lead to the liquidation of another $1 billion in shorts, potentially propelling the price to $4,000 soon. Ether's price has risen by 20% in the past week, reaching levels close to the year-to-date high seen in January. The analysis suggests that with continued momentum, Ether could see further upside and reach the $4,000 mark. In contrast, Bitcoin is consolidating below $120,000, with capital flowing into altcoins such as Ether and XRP. Bitcoin's dominance in the market has dropped to levels not seen since March, potentially indicating a shift in market sentiment towards altcoins.

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