Profit information: According to data from Coinglass, approximately 1.43 billion USD in short positions could be liquidated if ETH reaches 4,000 USD.
ETH trading situation: ETH is currently trading close to 3,582 USD, with a price range from 2,223 USD to 4,066 USD following the ETF launch. This launch is reminiscent of Bitcoin’s price trend.
Investor sentiment: Although the funding rate for ETH is rising, it remains lower than when ETH reached a peak of 4,900 USD.